South Africa, March 31 -- In a post on X, Musk announced, "xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution, and talent." He emphasised that the merger will unlock immense potential by fusing xAI's cutting-edge AI capabilities with X's vast user base.

The $45bn deal, adjusted for $12bn in debt, likely involves a stock swap, with X investors receiving shares in xAI. Key backers of both companies include Andreessen Horowitz, Sequoia Capital, Fidelity, Vy Capital, and Saudi Arabia's Kingdom Holding Co.

Grant Lapping 25 Mar 2025

Since acquiring Twitter for $44bn in 2022, Musk has aggressively reshaped the platform, cutting costs and rebranding it as X. Now, with xAI ...