Elon Musk purchased the X social network from Elon Musk. The richest man in the world has announced a corporate operation among its companies with an exchange of shares on the basis of which his artificial intelligence company Xai acquires ancient Twitter, who in 2022 purchased with other partners for about 44,000 million dollars (41,000 million euros). Now, the evaluation of the actions of the social network has been 33,000 million dollars, but 45,000 million if the debt is counted.
When one company acquires another through an exchange of shares, the assessments are related. In this case, an evaluation of the XAI artificial intelligence company, created last year, of 80,000 million dollars, was taken as a reference, triggered with respect to the volume of its activities and the traditional references of the evaluation. For its part, the activity of Social Network X was evaluated for 45,000 million, of which 33,000 million correspond to shareholders and 12,000 million to the debt.
The company operation was Announced by Elon Musk himself through his social network, where he praised both companies. “Since its foundation two years ago, Xai has quickly become one of the main workshops in the world, building data and centers at an unprecedented speed and scale models and centers. He indicated.
Musk sees the meaning of combining both companies under the same umbrella. The magnate born in South Africa repeatedly used the social network to promote Grok, a chatbot developed by XAI. Elon Musk’s artificial intelligence company competes with Openai, of which Musk was a collaborator before a bitter break with the company.
The tycoon had previously probed possible investors for a XAI financing round with an evaluation of approximately 75,000 million dollars, second Bloomberg reported In February. Among the investors of XAI there are the capital Sequoia, Andreessen Horowitz, Fidelity Investments and BlackRock. For its part, the social network has captured about $ 1,000 million in new investors’s funds, in an operation that gave the company an evaluation according to what Musk had privatized it in 2022, also according to the financial agency.
The company is also on the right way to registration First year of advertising income From the purchase of Musk. The company should generate $ 1,310 million in advertising in the United States in 2025, which represents an increase of 17.5%, according to the research company Emarketer. All over the world, it is estimated that X advertising income will grow by 16.5%, at 2,260 million dollars. Musk’s proximity to the President of the United States, Donald Trump, It seems to be sufficient incentive for companies to announce again on the social network, although the disinformation at full speed is circulating, amplified with the frequency by the Bulles and Bugie of the Musk himself.
“The future of Xai and X is intertwined. Today we officially take the step to combine the data, the models, the IT, the distribution and the talent. This combination will unlock an immense potential by combining the advanced ability and the experience of Xai advanced with the enormous scope of X. The combined society will offer smarter and more significant experiences to billions of people, keeping the truth and the advanced faith” Indicates Musk. “This will allow us to build a platform that not only reflects the world, but actively accelerates human progress. I would like duck.
