(CNN) – Elon Musk announced on Friday evening that he sold his social media company X to Xai, his company for artificial secret services in a deal that estimates X at 33 billion US dollar, much lower than He paid for it in 2022 But a big back rash from his Moribundian evaluation a number of months ago.
“The futures of Xai and X are intertwined”, ” Musk said in a post on X. “Today we officially take the step to mix data, models, calculation, distribution and talent. This combination will exploit immense potential by mixing the progressive AI ability and expertise of Xai with the huge range of X.”
Musk did not announce any immediate changes to X, although Xais Grok Chatbot is already integrated into the social media platform. Musk said that the combined platform will “provide more intelligent, more meaningful experiences”. He said the value of the combined company Lage 80 billion US dollars.
Musk has made a number of changes to the platform Some great advertisers flee. It dismissed 80% of the company's employees, set up the platform's verification system and Contributed suspended accounts of white supremacists within months after the purchase.
While the evaluation of X is lower than what Musk paid for the social outlet, it is still a reverse of the assets
For the company. In October, the investment company Fidelity estimated that X was worth almost 80% less than bought it. According to Fidelity, X had recovered somewhat by December, whose Blue Chip Fund was a share of X.
The message also comes when Mosch How much attention he gives his companyespecially Tesla. The combination of X and Xai could enable musk to rationalize its efforts.
Musk has also worked on establishing itself as a leading provider in the AI area, a big focus for both the Trump administration and the tech industry. At the beginning of this year he headed a group of investors who tried to buy Chatgpt Maker Openai for almost 100 billion US dollarsAnother escalation in the long -term rivalry between Musk and Openai CEO Sam Altman.
It is unclear how the Akquisition Musks Ki ambitions benefit. The closer integration with X could enable Xai to bring its latest AI models and features to a wide audience faster.
A significant reversal of the assets of X
Large advertisers who had largely left X after Hass speeches on the platform and had run the ads alongside Pro Nazi content have started to return. (X made Several pro-Nazi accounts inadmissible For advertisements by advertiser.) Amazon And Apple According to reports, both will re -invest in X campaigns, a remarkable confirmation of two brands with mass attractiveness.
The stabilization of the brand helped a group of bonds who were deep under water during their investments and, at the beginning of this month, sold loudly at the beginning of this month – albeit with extremely high interest rates. several youngest Report.
Bloomberg In February, X reported in conversations to collect money that the company would evaluate for $ 44 billion. It is not clear what has come from these conversations and why Xai X rates less than reported by investors. X has to pay its massive debt burden, which said Mousk on Friday, $ 12 billion.
A large part of why the evaluation of X has recovered in recent months is Xai, which X Reports Last month, Xai was searching for an evaluation of 75 billion US dollars in a financing round, so Bloomberg.
However, the biggest factor in XS breathtaking jump is with a lot of certainty: Musk's survey to a special government employee under President Donald Trump has empowered the richest person in the world with great influence on the operations of the Federal Government, which he quickly strives to redesign.
Investors who on X bets probably make a gambling for his guide, not on business. Last year Musk X transformed into a pro-Trump Increase the president's campaign. In posts for his 200 million followers, he pushed racist Conspiracy theories About the immigration policy of bidges management and obsessed About the “vibrant mind virus”, a term that some conservative used to description advanced causes.
And now that Trump works in office and musk again in the executive industry, X has become again Most essential social media platform for compliance and interaction with the Trump administration. Musk has also used X to transfer a few of his changes along with his efficiency of his government for presidency.
The-Cnn-Wire
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