On March 28th local time, American entrepreneur Elon Musk announced in a post on social media platform X that his artificial intelligence startup xAI would acquire social platform X through an all stock transaction. After the transaction is completed, xAI is valued at $80 billion and X is valued at $33 billion. 鈥�

Musk stated in his post that the future of xAI and X is closely linked. Today, we officially take a step forward by combining data, models, computing power, distribution channels, and talent By combining xAI's advanced artificial intelligence capabilities and expertise with X's immense influence, this combination will unleash enormous potential. 鈥�

X  CEO Linda Yacarino posted after the acquisition announcement that "the future is bright". 鈥�

According to public information, in 2022, Musk acquired Twitter for approximately $44 billion and subsequently renamed it X. In July 2023, Musk announced the establishment of artificial intelligence startup xAI. In February of this year, xAI  Officially released its latest artificial intelligence model, Grok 3, which Musk called "the smartest artificial intelligence on Earth". xAI  It also launched the Grok 3 intelligent search engine called Deep Search, which can generate information summaries for user queries based on the search attributes on the Internet and the X platform. 鈥�

In addition, these two companies have many co investors, including venture capital firms Anderson Horowitz and Sequoia Capital, as well as Fidelity Management, Vy Capital, and Saudi Arabia's Kingdom Holding Company. 鈥�

According to CNN analysis, Musk's recent appointment as the head of the US government's Efficiency Department has raised concerns about his energy allocation, and the combination of X and xAI is expected to simplify his work. But it is currently unclear how this acquisition will help Musk achieve his ambition to become a leader in the field of artificial intelligence. 鈥�