One of the wealthiest businessmen in the world, Elon Musk, has acquired the artificial intelligence company xAI, which is owned by Musk, who also owns the social media platform X. Musk announced through the X account that xAI bought X entirely based on stock. He mentioned that the value of xAI with this transaction was 80 billion dollars, while X’s value was 33 billion dollars. Musk also pointed out that X had a debt of 12 billion dollars. According to Musk, xAI has rapidly become one of the world’s leading artificial intelligence laboratories, building unprecedented models and data centers at an unmatched pace since its establishment two years ago. Musk highlighted that X is a resource accessed by over 600 million active users, positioning the social media platform for scalable growth over the last two years. Expressing that the futures of xAI and X are intertwined, Musk stated: “Today, we are officially taking steps to merge data, models, computations, distribution, and capabilities. This merger will unlock great potential by blending xAI’s advanced artificial intelligence capabilities and expertise with X’s vast reach. The combined company will stay true to our core mission of seeking truth and advancing knowledge, offering billions of people smarter, more meaningful experiences. This way, we can create a platform that not only reflects the world but also actively accelerates humanity’s progress.” Musk expressed appreciation for the dedication of everyone at xAI and X that brought them to this point, emphasizing that this is just the beginning.