xAI, Elon Musk's AI company, just purchased X, Elon Musk's social media company

Elon Musk's AI company, xAI, has purchased X, according to a post shared by Musk. Besides their similar names and owner, the companies are already connected through xAI's chatbot Grok, which is integrated into X. X was acquired by xAI through an all-stock transaction. "The combination values xAI at 80 billion and X at 33 billion ( 45B less 12B debt)," Musk writes. "xAI and X's futures are intertwined."