The deal values X at $33 billion and xAI at $80 billion. According to Musk, this merger will strengthen technology and accelerate progress
The announcement came as a court refused to dismiss a lawsuit against Musk over delayed disclosure of investment information. Some investors believe he undervalued X to transfer it to xAI on favorable terms
The startup’s key product is the Grok chatbot, integrated into X. Musk claims it already outperforms the first version of ChatGPT