Musk sold X to his own startup: why.

Elon Musk sold his company
Elon Musk sold his company

Ukrainian startups in artificial intelligence will soon gain new opportunities thanks to the deal Elon Musk made with social network X. According to 'Glavkom' and CNN, Musk sold X to his startup xAI for $45 billion, including $12 billion in debt. Musk noted that this agreement will allow for a close integration of the platform with artificial intelligence technologies, opening up great potential.

Musk stated that the valuation of X is $33 billion, which is slightly more than he paid for the network. He also emphasized that xAI and X will be closely intertwined, and the integration of the platform will lead to the creation of 'smarter and more meaningful experiences' for users. For now, Musk has not announced any urgent changes to the platform, but already the xAI chatbot Grok is integrated into X.

Musk's acquisition of Twitter in 2022 led to significant changes on the platform, resulting in the loss of advertisers and a 80% reduction in staff, but X remains an important part of Musk's strategic plans in the field of artificial intelligence.

The total valuation of the merged company is $80 billion, but the value of X has already increased compared to when Musk acquired the network. In addition, Musk is trying to become a leader in the field of artificial intelligence, including through his attempts to acquire OpenAI.

The deal could accelerate the development of artificial intelligence and new features for a wide audience, but the exact impact on Musk's ambitions is still unclear.

It has also been revealed that Elon Musk plans to produce 5,000 Optimus robots by the end of 2025. During a Tesla presentation, Musk stated that he considers this a significant achievement, even if the company can realize half of the planned 10,000 units. He compared their quantity to the size of a legion of Roman soldiers, which could once number from 2,000 to 10,000 men.


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