Elon Musk's artificial intelligence (AI) company has acquired his social media platform X in a deal valued at $45 billion.
According to Musk, X now has 600 million active users, and the data from those users has been used to train the AI model of his AI company, xAI.
Investors have noted that X's finances appear to be improving, with the company posting $1.2 billion in adjusted earnings before interest, taxes, depreciation, and amortization last year.
xAI and chipmaker Nvidia have joined the $30 billion AI Infrastructure Fund to raise capital for AI infrastructure projects.