Elon Musk Unexpectedly Announces Sale of Social Network X
March 29, 2025, 01:14 PM
Billionaire and entrepreneur Elon Musk announced that he has sold the social network X (formerly Twitter). The peculiarity of the deal is that the platform was acquired by the AI startup xAI, which belongs to the businessman himself.
On his page, Elon Musk announced that the value of the deal was $33 billion. According to Bloomberg, the new association, valued at more than $100 billion, was named XAI Holdings. Thus, Elon Musk is not only optimizing his business, but also improving the processes for training AI models on the social network.
xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.
Recall that recently the social network X experienced an unprecedented cyberattack. And in early March, photos of Elon Musk's gaming PC in his office appeared.
