I suppose many saw this coming, but still crazy that its happened.  The 👑🤴👑 of cult of personality and conglomerate like in-dealing pulls another magic trick to merge xAI with X, valuing the combined company at $113 billion- to leverage their data, models, and talent.

https://www.axios.com/2025/03/28/musk-x-xai

 #Artificial Intelligence

Elon Musk says xAI has acquired X

Artificial Intelligence

I suppose many saw this coming, but still crazy that its happened.  The 👑🤴👑 of cult of personality and conglomerate like in-dealing pulls another magic trick to merge xAI with X, valuing the combined company at $113 billion- to leverage their data, models, and talent.  https://www.axios.com/2025/03/28/musk-x-xai   #Artificial Intelligence

Cyril

Elon Musk’s XAI Holdings, formed from merging his xAI startup with social media company X, is in talks to raise $20 billion, Bloomberg News reported. The new investment could value the combined company at $120 billion, the report said.

The giant round could be used to pay down some of the debt that X, then called Twitter, took on when Musk took it private in a leveraged buyout three years ago. XAI, the maker of chatbot Grok, has previously raised about $13 billion from investors including Andreessen Horowitz, Sequoia Capital, BlackRock  and sovereign wealth funds MGX and Qatar Investment Authority.

https://www.bloomberg.com/news/articles/2025-04-26/elon-musk-s-xai-holdings-is-in-discussions-to-raise-20-billion

Elon Musk’s XAI Holdings, formed from merging his xAI startup with social media company X, is in talks to raise $20 billion, Bloomberg News reported. The new investment could value the combined company at $120 billion, the report said.  The giant round could be used to pay down some of the debt that X, then called Twitter, took on when Musk took it private in a leveraged buyout three years ago. XAI, the maker of chatbot Grok, has previously raised about $13 billion from investors including Andreessen Horowitz, Sequoia Capital, BlackRock  and sovereign wealth funds MGX and Qatar Investment Authority.  https://www.bloomberg.com/news/articles/2025-04-26/elon-musk-s-xai-holdings-is-in-discussions-to-raise-20-billion

Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, according to people familiar with the matter.

Elon Musk’s XAI Holdings Is in Discussions to Raise $20 Billion

After merging with X, foundation model company xAI may be on the path to raise new capital, CNBC reports. The Anthropic and OpenAI competitor — all three are TWiST500 companies — has raised more than $12 billion to date, helping it build a massive data center and release models that ranked on global leaderboards. After its combination the network formerly known as Twitter, xAI affixed a $100 billion valuation to itself. That makes it worth more than Anthropic, on paper, but only a third of what OpenAI is valued at today.

https://www.cnbc.com/2025/04/21/sources-musk-xai-funding-raise-startup.html?_bhlid=00a9e9b4b1d8b32ebc4022e466ba8ce274ad446d

After merging with X, foundation model company xAI may be on the path to raise new capital, CNBC reports. The Anthropic and OpenAI competitor — all three are TWiST500 companies — has raised more than $12 billion to date, helping it build a massive data center and release models that ranked on global leaderboards. After its combination the network formerly known as Twitter, xAI affixed a $100 billion valuation to itself. That makes it worth more than Anthropic, on paper, but only a third of what OpenAI is valued at today.  https://www.cnbc.com/2025/04/21/sources-musk-xai-funding-raise-startup.html?_bhlid=00a9e9b4b1d8b32ebc4022e466ba8ce274ad446d

Sources said recent comments from Musk signal that AI startup xAI may be readying for a significant capital raise.

Musk says he's looking to put 'proper value' on xAI during investor call, sources say

Getting schooled by #Artificial Intelligence  lol

 #DANK MEMES

DANK MEMES

Getting schooled by #Artificial Intelligence  lol   #DANK MEMES

Bobby

This is a Ponzi scheme. 

The loan he took out against his Tesla shares to buy X has been called. He is simply moving ownership around to avoid accountability.

This is a Ponzi scheme.   The loan he took out against his Tesla shares to buy X has been called. He is simply moving ownership around to avoid accountability.

Tasia

So Elon's using xAI’s $80B valuation to absorb X’s debt, cutting down his own risk while tapping X’s data to supercharge xAI’s models?

This must be good for Tesla since xAI is flush and under this structure X won't need more capital injections...? 🤔

So Elon's using xAI’s $80B valuation to absorb X’s debt, cutting down his own risk while tapping X’s data to supercharge xAI’s models?  This must be good for Tesla since xAI is flush and under this structure X won't need more capital injections...? 🤔

Cyril

A group of likeminded people in Artificial Intelligence are talking about this.