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ELON Musk announced on Friday in a post on X that the AI company, Xai, has acquired the social media platform, X, in the All-Stock deal.
“The mixture is estimated at 80 billion dollars and X at $ 33 billion (45 billion dollars less than 12 billion dollars).” “Since its foundation two years ago, Xai has become one of the world’s leading AI laboratories, and the construction of models and data centers at an unprecedented speed.
He added: “The future of Xai and X. Today we take the step officially to combine data, models, account, distribution and talent. This group will open huge potential by mixing the advanced Xai advanced intelligence capacity with the possibility of correcting it on the basic task of knowledge. It only reflects the world but it speeds up human progress.
X spokesman X refused to comment on the deal when reached by Business Insider.
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