@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).
Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.
X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.
xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.
I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning.
Thank you for your continued partnership and support.
A new documentary reveals how a group of artists turned a hidden nook in a Providence shopping mall into their own private hideaway https://t.co/DJZ4N2NH5r via @citylab
The new @digg brings some great nostalgia, but we're not here to just rebuild the past or clone a competitor. Since @alexisohanian and I left the game, we've dreamed up features that weren't even possible with yesterday's tech. We're bringing more transparency and community partnership unlike anything you've seen, plus AI that unlocks creativity without sanitizing the human element. The timing is finally right to reimagine what's possible. 🚀
The early web was fun. It was weird. It was community-driven. It's time to rebuild that.
Which is why @KevinRose & I just bought back @Digg — rival CEOs turned partners!
Just don't call it nostalgia! This is a necessary evolution.
#procrastination lvl💯.. NANN Not Actual News Network Parody News Aggregator https://t.co/3jh611yJLz .. the lengths i will go to self justify not working on my work by working, its today, entertaining