Musk sold X for $33 billion, now this company has become the owner, what is the reason?

Musk bought Twitter for $44 billion in 2022. He then fired employees working on it and changed its policies on hate speech, misinformation, and user verification, and renamed it X. Musk sold X for $33 billion: Tech tycoon and billionaire Elon Musk has sold social site X. Musk has inked a deal with his own artificial intelligence company X AI for $33 billion. Musk wrote on X that the move will unleash X AI's vast potential by combining its advanced AI capabilities and expertise with X's broad reach. The deal values ​​X AI at $80 billion and X at $33 billion.

Over 600 million users

He said that since its founding two years ago, XAI has rapidly become one of the world's leading AI labs, becoming a hub of models and data at unprecedented speed and scale. X is a digital town square where over 600 million active users go to find the real source of ground truth and in the last two years it has been transformed into one of the world's most efficient companies, which is putting it in a position to deliver scalable growth in the future.

What did Musk say?

Musk said that the future of X AI and X is intertwined. We are officially taking the step of connecting data, models, compute, distribution and talent. This combination will seamlessly combine XAI's advanced AI capabilities and expertise with X's reach. This combined company will provide smarter, more meaningful experiences to billions of people, fulfilling our core mission of advancing discovery and knowledge. This is just the beginning. Thank you for your continued participation and support.