Illon Musk’s artificial intelligence (AI) startup XAI acquired social media X (Twitter) for $ 45 billion (about 66.95 billion won), and the 2 firms were integrated.
Musk said on the twenty ninth that “the long run of XAI and X is entangled with one another,” he said.
He said XAI’s corporate value was $ 80 billion, and X said it was $ 33 billion. The remaining $ 12 billion used to repay the cash borrowed from the financial sector on the time of Twitter.
XAI is reportedly evaluating $ 50 billion in corporate value within the $ 6 billion financing round in December last yr. Last month, news was heard that it aimed to judge the $ 75 billion value for $ 10 billion funding.
X’s corporate value is analogous to $ 44 billion paid to accumulate the corporate in October 2022.
The 2 firms moved like the identical company before integration. The infrastructure and personnel of X moved to XAI, in addition to the chatbot ‘Gigok’ was launched through X. He also learned using X data.
Experts say the combination is an inexpensive decision.
Jean Monaster Deep Water Asset Management Partner posted on X that “X could be very reasonable because other firms provide their very own exclusive data to XAI.” “Open AI has a distribution channel called Apple, but there isn’t a monopoly data like X,” he said. “In the long term, XAI is more advantageous.”
Musk said, “This mix will mix XAI’s high -end AI capabilities and expertise with the vast data of X.” Through this, we won’t only reflect the world but in addition construct a platform that actively accelerates human progress. “
By Dae -jun Lim, reporter ydj@aitimes.com
