Alan Musk sold ‘X’ for ₹ 28,23,43,71,00,000, know who is the new owner now

American businessman Elon Musk bought a social media platform Twitter a few years ago and then changed its name to X. Several changes were made as soon as Musk’s management managed and people started recovering money for blue ticks. Now Musk has also sold X. However, this time, X was not bought by anyone else but by his artificial intelligence company XAI. The deal took place for $ 33 billion. This amount in Indian currency is more than two lakh 82 thousand crore rupees.

The purpose of this acquisition is to combine XAI’s AI expertise with a widespread access to X. Musk priced XAI $ 80 billion and X valued 33 billion dollars. Musk’s portfolio already includes famous companies such as Tesla and SpaceX. Recently, AX launched its new AI model, Groke. This new change can make it easier to train the grouke. Musk wrote on X that “the future of XAI and X is connected among themselves. Today we are officially taking a step towards integrating data, model, computing, distribution and talent.”

Steps taken to promote AI Groke?
After the announcement of the deal, the X and XAI spokespersons did not immediately comment. Many aspects of the deal are still unclear, such as how investors will be compensated, X leadership will be integrated into the new company, and the possibility of regulatory investigation. Musk, the world’s richest person, has also strengthened his position in Washington DC. He is overseeing efforts to cut expenditure under Trump Administration and is the head of the Department of Efficiency (DOGE). This may give them a situation to affect their business agencies.

XAI and now an investor of the merged company told the Reuters that they were not surprised by the deal. He believes that this is Musk’s strategy to strengthen leadership and management in its own companies. The investor said on the condition of anonymity that Musk has not taken permission from investors, rather he has said that both companies are already cooperating closely and this merger will promote intimate coordination with grooc.