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The logo of social media app X seen on a smartphone device. — Reuters/File
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Elon Musk’s Zee has acquired the social media platform X, the former Twitter, in an agreement that values the social media platform 33 billion and allows the value of its artificial intelligence firm to share with its co -investors in the social media company.
The deal is known as Grook, this chat boot.
“The future of Zai and X is connected with each other,” Musk, who is also the head of the automatic maker Tesla and Space X, wrote in a post on X, adding: “Today, we formally step to combine data, models, computations, distribution and capabilities.”
He said the value of this combination is “XAI $ 80 billion and X $ 33 billion (45b less $ 12B loan)”.
Representatives of X and Ze did not immediately respond to the comments requests. Most of the details of the agreement are unclear, such as how X leaders will be integrated into the new firm or have a disciplinary examination.
Musk, the world’s richest man, is also a close ally of US President Donald Trump and heads the government’s performance.
Saudi Arabia’s investor Prince Al -Walid bin Talal, who owns the investment company Kingdom Holding, said he has requested the development.
He said his companies are the second largest investor in X and XAI. “After this deal, our investment price is expected to reach $ 4- $ 5 billion […] And the meter is running, “he said in a post on X.
DA Davidson’s analyst Gul Loria said that when the loan was added, the $ 45 billion X -price tag was not coincidental. “This is $ 1 billion more than Twitter’s Take Private Transaction in 2022.”
An investor of Zee, who was denied, said he was not surprised by the deal, and viewed it as to strengthen his leadership and administration in his companies.
The investor said that Musk did not ask the investors for approval, but told them that the two companies were closely cooperating and that the deal would integrate with the Guru.
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According to a media report, Musk’s startup was launched less than two years ago and recently raised $ 10 billion in a funding round, valued at $ 75 billion.
It also competes with the choice of Microsoft -backed Openi as well as Chinese startups.
In February, the 53 -year -old Musk, with a consortium for Open, made a bid of .497.4 billion, which was rejected and has sued the Chat GPT maker from turning into a non -profit business. This month, a judge has denied the Musk’s preliminary order request, which prevents the change.
Since the competition in AI intensifies, ZZ is increasing its data center’s ability to train more modern models, and its supercomputer cluster in Memphis, Tennessee, called “Collasus”, has been described as the world’s largest.
Zee introduced the latest repetition of his chatboat in February, Grook 3.
The X -platform can help further distribute ZZ products, while also provides a real -time feed of consumer music, screenshots and other data.
After buying Twitter, the Musk embraced the company’s workforce, and the advertisers indicated the escape from the platform and the rapid reduction in tariffs. Recently, brands have been returning to X as the influence of musk in the Trump administration is increasing.
According to a source of transaction, the seven banks, which extended the Billion of Billion 13 billion to Musk to buy X, retain their debt on their books as long as they can sell it all in the past month.
According to the two persons familiar with the matter, other than other factors, in addition to the better operating performance of the X, it has become possible after investors’ interest in displaying AI companies.
After the merger, the investor who bought the loan from the banks will be profitable, the founder of the Puloris Value Advisor, Espen Rubak, who specializes in immovable assets. “Certainly the debt cost is high now, if not fully paid.”
In addition, an American judge on Friday rejected Musk’s bid to reject a litigation, claiming that he had cheated the former Twitter shareholders with a long wait to disclose its initial investment in the company.
