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The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much Musk stands to make from the highly unusual deal. On Friday evening, Elon Musk announced on his social media company X that xAI, his artificial intelligence startup, had bought X in an all-stock transaction. According to Musk, the deal values the newly combined company called xAI Holdings at $113 billion. The move to combine X and xAI invites criticism, given that Musk controls both companies. It also doesn’t help that X has struggled since he took the company private in 2022....

Editor’s Note: Below is Grok, the chatbot for xAI that is available on X, answering the question about why xAI just acquire X. For those unfamiliar with how chatbot articles work, they take data available to them through their various datasets and compile what they believe to be “scholarly” or “journalistic” posts. They are rarely accurate, though they’re getting better. In this case, the article that Grok spit out is accurate… almost eerily so… ============================================================== On March 28, 2025, Elon Musk announced that xAI, his artificial intelligence company, had acquired X, the social media platform formerly known as Twitter, in...

Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth. 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...

Elon Musk's artificial intelligence startup xAI has introduced Grok-3, the latest iteration of its chatbot, as it looks to compete with Chinese AI firm DeepSeek, Microsoft-backed OpenAI, and Alphabet's Google. Grok-3 debut comes at a critical moment in the AI arms race, just days after DeepSeek unveiled its powerful open-source model and as Musk moves aggressively to expand xAI's influence. The chatbot is being rolled out immediately to Premium+ subscribers on X, the social media platform owned by Musk. xAI is also launching a new subscription tier, SuperGrok, for users accessing the chatbot via its mobile app and Grok.com website....