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\t\t<\/p>\n Elon Musk has sold X<\/strong><\/a>\u2026to himself.<\/p>\n On Friday (March 28), the 53-year-old tech billionaire announced on the social media platform, formerly known as Twitter<\/strong><\/a>, that he has sold X to his artificial intelligence startup company xAI in a deal worth $33 million.<\/p>\n Keep reading to find out more\u2026<\/em><\/strong><\/span>\u201cThe combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),\u201d Musk<\/strong> wrote<\/a>. \u201cSince its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.\u201d<\/p>\n He continued, \u201cX is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.\u201d<\/p>\n More than a year after Grok, an AI-powered chatbot created by xAI that\u2019s similar to ChatGPT, was launched on X, Musk<\/strong> said that it was officially time to \u201ctake the step to combine the data, models, compute, distribution and talent.\u201d <\/p>\n \u201cxAI and X\u2019s futures are intertwined,\u201d he explained. \u201cThe combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn\u2019t just reflect the world but actively accelerates human progress.\u201d<\/p>\n Musk<\/strong> ended his message by thanking the teams from both companies for their hard work and dedication, writing, \u201cThis is just the beginning. Thank you for your continued partnership and support.\u201d<\/p>\n If you were unaware, Musk<\/strong> acquired Twitter in October 2022 and rebranded the platform to X in July 2023<\/a>.<\/p>\n Late last year, dozens of celebrities left X and joined a rival social media platform<\/a>.<\/p>\n <\/span><\/p><\/div>\n