Allen musk
Alan Musk, the world’s richest man, is known for his excessive decisions. Now he has sold his social media platform X to one of his own companies. Musk said that he has sold XA to his Artificial Intelligence Company XAI. This is an all stock deal of $ 33 billion. Alan Musk said in a post on X, ‘The future of XAI and X is connected. Today we are taking official steps to combine data, models, computes, distribution and talent. ‘ The XAI will pay $ 45 billion for X, which is slightly higher than the amount paid by Musk in 2022, but the deal also includes a loan of $ 12 billion.
Unlock will be immense capacity
Musk said that this step will unlock the immense capacity by mixing XAI’s advanced AI capacity and experts with a huge access to X. ”He said that the value of XAI in this deal is validated by $ 80 billion and the valuation of X has been estimated at $ 33 billion. He said,” It has been 2 years since the installation of XAI and the world is the world’s leading and the world’s leading model and the world’s leading model and a scale of the world. Has become one of the laboratories. ” Musk wrote, ‘This combination will unlock the immense capacity by mixing the advanced AI capacity and expertise of XAI with a huge access to X. The joint company will provide billions of people smares and more miningful experiences. The company will continue to work on our original mission to show the truth and pursue knowledge.
Musk bought Twitter for $ 44 billion
Alan Musk is also an advisor of US President Donald Trump. Musk bought X in 2022 for $ 44 billion. At that time it was known as Twitter. Musk made several changes in this social media platform, which by some advertisers distanced it away. Musk had fired 80 percent of the employees of Twitter. He also changed the policy related to this platform’s Hate Speech, Missinformation and User Verification and changed the name of Twitter to X.
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