“Xai bought X in a transaction all in actions”. Elon Musk says so.
Xai is the company for the artificial intelligence of the richest man in the world. “The future of Xai and X is intertwined,” added Musk explaining that the transaction evaluates XAI to 80 billion and x to 33 billion, or “45 billion less 12 billion debt”.
The merger between XAI and X “will unlock immense potential”. “The future of Xai and X are intertwined,” says the entrepreneur, “today, we officially take the step to combine data, models, processing, distribution and talent. This combination will unlock immense potential by combining the ability and experience of advanced artificial intelligence of XAI with the huge scope of X ».
“The combined company will offer more intelligent and significant experiences to billions of people, remaining faithful to our main mission of research of truth and progress of knowledge”, assures Musk. “This will allow us to build a platform that does not only reflect the world, but actively accelerate human progress,” concludes Musk, “I would like to recognize the unrivaled dedication of everyone in Xai and X that has brought us at this point. This is only the beginning ».