Startup Mask xAI bought all shares of the social network X

American entrepreneur and billionaire Elon Musk announced on March 29 that his startup xAI, which developed the Grok neural network, acquired all shares of the social network X (former. Twitter).

"xAI acquired X as part of a deal to sell all shares. The cost of the merger is $80 billion, and X is $33 billion," Musk wrote on X.

He recalled that xAI was founded two years ago, and now creates high-speed data processing models.

Musk drew attention to the fact that the future of the startup and the social network are connected, their unification has great potential, because xAI will be able to use its experience in the field of artificial intelligence to work with large X coverage.

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In February, an American entrepreneur introduced Grok 3, a new generation neural network developed by xAI. According to the billionaire, this model is 10 times more powerful than the previous one and beat its main competitors in tests — GPT-4o, Claude 3.5 Sonnet, Gemini-2 Pro and DeepSeek-V3, solving problems in mathematics, code generation and scientific work.