Elon Musk confirmed the takeover X by his AI company

The richest person in the world, Elon Musk, said on Monday that he had sold his social media platform, X, to XAI, his intelligence company, in all stock transactions.

XAI will pay $ 45 billion for X, a little more than the Musk paid for the microblogging platform in 2022.

This new agreement includes $ 12 billion in debt in a step that strongly places X under the Startup Ai Musk umbrella.

“XAI has obtained X in the All-Stock transaction.

“The combination of XAI is at $ 80 billion and X at $ 33 billion ($ 45 billion less than 12 billion debt).

Also Read: Elon Musk’s Xai To Release the Latest Chatbot, Grok 3, Marking ‘Ai Smartest on Earth’

“Today, we officially take steps to integrate data, models, calculations, distribution, and talents,” the billionaire wrote in the X -grip.

This happened weeks after Musk was abandoned to move to get a number of $ 44 billion funding to overcome the challenges of the platform, especially in maintaining advertiser support.

There are reports that are negotiated by the platform to get funding from investors after investing in loyalty significantly reduces Twitter’s assessment by around 70% in December but then override these steps.

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