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Elon Musk Sells X: This time X has not only been bought by anyone else but also by Alan Mask's second Artificial Intelligence Company XAI. This deal has been done for $ 33 billion. This amount in Indian currency is two lakh 82 thousand crores …Read more
Alan Masak took a big decision. (File photo)
Highlights
- Alan Musk sold Xai to XAI.
- The deal took place for $ 33 billion.
- The future of XAI and X is connected among themselves.
New Delhi. America's industrialist Anal Musk bought social media platform Twitter a few years ago and then changed its name to X. Masak made many changes as soon as he took over the management and fees started to be charged from the people for blue tick. Now Masak has also sold X. Do not panic, this time X has not only been bought by no one else but by the second artificial intelligence company XAI. This deal has been done for $ 33 billion. In Indian currency, this amount sits more than two lakh 82 thousand crores.
The purpose of this take-over is to combine XAI's AI Specialization with a widespread access to X. Musk evaluated XAI $ 80 billion and x 33 billion dollars. Musk's portfolio already includes companies like Tesla and SpaceX. Recently, X has started its new AI model Groke. This new change can make it easier to train the grouke. Musk wrote on X, “The future of XAI and X is connected among themselves. Today we are officially taking steps towards united data, model, computing, distribution and talent.”
AI taken this step to promote Grake?
After the announcement of this deal, the spokespersons of X and XAI did not immediately comment. Many aspects of the deal are still unclear, such as how investors will get compensation, how will the X -leads to integrate in the new company, or what is the possibility of regulator investigation. Musk, the world's richest person, has also strengthened his position in Washington DC. He is monitoring cost cuts under the Trump administration and heads to the “Department of Government Efficiency” (DOGE). This can give them a situation to affect the agencies who oversee their businesses. XAI and now an investor in the joint company told the Reuters that they are not surprised by the deal. He believes that this is Musk's strategy to strengthen leadership and management in his own companies. The investor said on the condition of anonymity that Musk did not ask for approval from investors, rather told them that both companies were already cooperating closely and this integration would promote deep coordination with grooc.
