Close Menu
Technology Mag

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Trump Ends Tariff Exemption for Small Packages

    July 31, 2025

    Apple says Trump’s tariffs are adding another $1 billion to its costs

    July 31, 2025

    US Senator Urges DHS to Probe Whether Agents Were Moved From Criminal Cases to Deportations

    July 31, 2025
    Facebook X (Twitter) Instagram
    Subscribe
    Technology Mag
    Facebook X (Twitter) Instagram YouTube
    • Home
    • News
    • Business
    • Games
    • Gear
    • Reviews
    • Science
    • Security
    • Trending
    • Press Release
    Technology Mag
    Home » Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper
    News

    Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper

    News RoomBy News RoomMarch 28, 20252 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    @xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).

    Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.

    X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.

    xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.

    I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning.

    Thank you for your continued partnership and support.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleWindows 11 is closing a loophole that let you skip making a Microsoft account
    Next Article Microsoft tests Quick Machine Recovery to restore PCs that can’t boot

    Related Posts

    Apple says Trump’s tariffs are adding another $1 billion to its costs

    July 31, 2025

    Google’s Pixel Tablet is $190 off for a limited time

    July 31, 2025

    Aaron Sorkin’s Social Network sequel might recast Mark Zuckerberg

    July 31, 2025

    Epic’s Game Store is bringing Fortnite back to Google Play

    July 31, 2025

    Tesla’s ‘robotaxi’ rides in San Francisco have a human at the wheel

    July 31, 2025

    The 15 best back-to-school deals for college students

    July 31, 2025
    Our Picks

    Apple says Trump’s tariffs are adding another $1 billion to its costs

    July 31, 2025

    US Senator Urges DHS to Probe Whether Agents Were Moved From Criminal Cases to Deportations

    July 31, 2025

    The Texas Floods Were a Preview of What’s to Come

    July 31, 2025

    In a Rut? Here Are the Best Sexy Gifts to Get You (and Your Partner) Revved Up

    July 31, 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    News

    Google’s Pixel Tablet is $190 off for a limited time

    By News RoomJuly 31, 2025

    During the most recent Prime Day, the Google Pixel Tablet with Wi-Fi and 256GB of…

    Mark Zuckerberg Details Meta’s Plan for Self-Improving, Superintelligent AI

    July 31, 2025

    Big Tech Asked for Looser Clean Water Act Permitting. Trump Wants to Give It to Them

    July 31, 2025

    The Asus Chromebook CX14 Is a $429 Laptop That Isn’t Horrible

    July 31, 2025
    Facebook X (Twitter) Instagram Pinterest
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Technology Mag. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.