International

Elon Musk's xAI acquires Twitter for $33 billion

American entrepreneur Elon Musk announced that his company, xAI, which specializes in artificial intelligence (AI), has acquired the social media platform X (formerly Twitter), which he also owns, for $33 billion.

According to Musk, following the transaction, “xAI’s valuation will be $80 billion, while X will be worth $33 billion ($45 billion minus a $12 billion debt).”

“The future of xAI and X is deeply interconnected. Today, we are officially taking a step toward integrating data, models, computational resources, distribution channels, and expertise,” the entrepreneur added.

Representatives of X and xAI did not respond to journalists' inquiries, Reuters reported, noting that many aspects of the transaction remain unclear, particularly how investors will be compensated and how X’s current leadership will be incorporated into the new structure.

One of xAI’s investors told Reuters that Elon Musk did not consult them before the merger. Musk merely stated that the two companies had already been working closely together and that the merger would allow for deeper integration with Grok, xAI’s artificial intelligence system.

Elon Musk, CEO of Tesla and SpaceX, took ownership of Twitter in October 2022 after acquiring the social media platform for $44 billion. Musk stated that he intended to overhaul the company, which he deemed unprofitable, and that he envisioned developing an “everything app” called X. In April 2023, another of his companies, X Corp., merged with Twitter, which was later rebranded as X.

Translation by Iurie Tataru

Eliza Mihalache

Eliza Mihalache

Author

Read more

Cernăuțeanu, about Nesterovschi and Lozovan: "They will end up in the dock someday"
Justice

Cernăuțeanu, about Nesterovschi and Lozovan: "They will end up in the dock someday"

The law enforcement agencies of the Republic of Moldova cannot intervene to identify and detain the convicted deputies Alexandr Nesterovschi and Irina Lozovan, who are allegedly hiding in the Transnistrian region, since there is no constitutional control on the left bank of the Nistru. The statement was made by the head of the General Police Inspectorate, Viorel Cernăuțeanu, for the Teleradio-Moldova Company. He pointed out that the authorities strictly respect the legal framework and that any action opened in the region would be impossible.

Daniela Savin Daniela Savin

Daniela Savin

Mihai Popșoi at the Atlantic Council: The legitimate aspiration of our people is integration into the EU
Political

Mihai Popșoi at the Atlantic Council: The legitimate aspiration of our people is integration into the EU

The progress made by the Republic of Moldova in its European path, the strengthening of the strategic partnership with the US, support for Ukraine and our country's achievements in several key areas were the main topics addressed by the Minister of Foreign Affairs of the Republic of Moldova, Mihai Popșoi, during a public debate organized by the Atlantic Council. During the event, the Deputy Prime Minister reaffirmed our country's firm commitment to integration into the EU and strengthening relations with international partners, especially with the US.

Daniela Savin Daniela Savin

Daniela Savin

New Free Trade Agreement between the European Free Trade Association and the Republic of Moldova comes into effect
Economic

New Free Trade Agreement between the European Free Trade Association and the Republic of Moldova comes into effect

Starting April 1, 2025, Moldovan producers can export to Switzerland, Norway, Iceland, and Liechtenstein without customs duties or with significantly reduced duties. This is possible with the entry into force of the Agreement between the Republic of Moldova and the member states of the European Free Trade Association (EFTA). The agreement implementation will enable the diversification of export markets, the consolidation of the economy and its integration into the European space.