Advertisement Tech billionaire Elon Musk's xAI artificial intelligence firm has acquired his social media company X, formerly known as Twitter, for $33 billion (€30.5 billion). Musk announced the transaction in a post on X, saying: "The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt)." What did Musk say about the deal? "xAI and X's futures are intertwined," he wrote. "Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach." Much of the deal's specifics remained unclear. Both companies are privately held, so they are not required to disclose their finances to the public. Are Elon Musk's politics to blame as Tesla sales tank? To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video It's also not clear if the move will change anything for X users.