Elon Musk’s artificial intelligence Xai previously purchased Twitter’s social media platform X, which integrates Musk’s corporate management, combining data and computing resources.
Musk said in a statement from X that all stock transactions are valued Xai at $800 billion (£62 billion) and $33 billion.
Industry watchers said the $45 billion figure was $1 billion more than $44 billion in Musk and his supporters paid on Twitter in 2022, allowing X investors to share Xai’s value.
Market Value
Analysts previously estimated that Twitter’s value had dropped significantly as Take-Private transactions reduced to a minimum and advertisers fled after Musk slashed staff.
In March 2023, Musk founded Xai amid a wave of investor interest in AI that began after Openai unveiled ChatGPT in November 2023.
Musk was also a co-founder of Openai, but he pleaded for efforts to cut ties with the company and shift nonprofits to a for-profit model.
Zai recently raised $10 billion in a funding round that valued the company at $75 billion, according to media reports.
Musk said X and Xai will combine data, models, computing resources, distribution and staff without providing details.
Xai’s chatbot Grok is trained using X users’ social media posts and is a prominent product in X.
AI infrastructure
Like other companies exposed to AI, startups are investing in computing resources by expanding their supercomputer clusters called Colossus in Memphis, Tennessee.
Earlier this month, Xai and Nvidia joined the AI Infrastructure Partnership (AIP) and provided capital for the project along with first supporters BlackRock, Microsoft, and United Arab Emirate state-owned investment company MGX.
The group said it is considering working with Nvidia and Xai to build and expand an open architectural data center platform that supports a non-exclusively diverse partner.
Xai introduced the latest Grok-3 chatbot in February, competing with Openai, Chinese startup Deepseek and others.
