INSUBCONTINENT EXCLUSIVE:
Elon Musk revealed on March 28, 2025, that his AI firm, xAI, acquired X, the social media platform, for $33 billion.The all-stock deal,
announced directly by Musk, merges two of his boldest ventures, valuing xAI at $80 billion.This move blends cutting-edge AI with a sprawling
digital network, sparking global business interest.Musk snapped up Twitter in 2022 for $44 billion, later rebranding it as X to chase an
However, X carries $12 billion in debt, dragging its value down from the original price.The deal hands xAI a goldmine of user posts and a
direct line to millions, boosting its fight against rivals like OpenAI.Musk, who co-founded OpenAI but left after clashes, aims to outpace
it with this data-driven advantage
Together, they promise faster innovation and cost cuts.Yet, the $33 billion tag for X raises eyebrows, as some investors have slashed their
Regulators might also probe privacy and market power concerns.For business watchers, this deal signals a shift in the AI race, where owning
value, against a backdrop of debt and doubt
The world now waits to see if this bet reshapes AI and social media for good.
