Elon Musk’s xAI artificial intelligence startup has purchased the tech billionaire’s X social media company at a $33 billion valuation, he said Friday. The $45 billion all-stock deal also covered $12 billion in debt and valued xAI at $80 billion.

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.

Elon Musk said on Friday his artificial intelligence firm xAI has bought his social media platform X. “xAI and X’s futures are intertwined. Today, we officially take the step to combine the