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Elon Musk's Long-Awaited Plan to Merge His AI and Social Media Ventures into xAI Holdings
2025-03-30 /
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Author：小编
Elon Musk has unveiled a long-anticipated merger between his artificial intelligence enterprise, xAI, and the social media giant X, to form the new entity xAI Holdings. Headquartered in Nevada, Musk will assume the role of president of the newly combined company. This all-stock transaction values the merged entity at an impressive $113 billion. Specifically, xAI carries a valuation of $80 billion, while platform X, after deducting $12 billion in debt, is valued at $33 billion (with an original cost of $45 billion). The primary objective of this merger is to seamlessly integrate the technological prowess and vast user bases of both companies, fostering an AI ecosystem that caters to billions of users worldwide.
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