xAI and X combine in an all-stock deal
Elon Musk announced that his AI company had acquired his social platform, valuing the two together at well over $100 billion.
Company
xAI
xAI is an artificial intelligence company announced by Elon Musk in 2023. It builds the Grok family of AI models.
- Announced 2023
- Focus AI models
Official site: x.ai
About xAI
xAI was announced in July 2023 and released its first chatbot, Grok, that November. Grok is built into X, where it can draw on public posts, and is also offered as a standalone app and through an API.
In 2025 xAI acquired X in an all-stock deal, giving the AI company control of the social platform and its data.
Stories 3
xAI releases the Grok-1 model weights
The company published the base model under an open license, a move Musk had promised for weeks.
Elon Musk announces xAI
Musk launched an AI company with the stated goal of understanding the true nature of the universe; its Grok chatbot followed that November.