Tech billionaire Elon Musk places his AI company Xai together with his short message service X. According to the Tesla -Baas and Connidant by US President Donald Trump, the combined company has assessed a $ 80 billion.
“The future of Xai and X is closely intertwined. Today we are officially taking the step to combine data, models, calculations, sales and talents,” Musk wrote on X.
It is a pure share transaction of $ 45 billion (EUR 41.72 billion). Xai took over the short message service and debts. According to Insiden, the Aistupup of the billionaire, founded in 2023, recently received $ 6 billion from investors in a financing round, which Xai runs by $ 40 billion. Musk had completed the purchase of X for $ 44 billion in 2022 and took the stock market service.
With Xai, the entrepreneur founded a competitor for Google and the OpenAI company supported by Microsoft. In February Musk and a consortium made a range of $ 97.4 billion for the Chatgpt manufacturer OpenAAI. OpenAi had rejected this and explained that you are not for sale.
“Follow the truth, even if it is not politically correct”
Because the competition in the field of artificial intelligence intensifies, Xai has increased its data center capacity to train more advanced models. So Xai also presented the AI Chatbot Grok. According to Musk, Grok’s task is to “understand the universe” – the software must follow “the truth”, even if the results are not “politically correct”.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
