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Elon Musk’s X and xAI ‘Intertwined’ in $45 Billion Deal

  • 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.

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