X, thesocial mediasite formerly known asTwitter, is changing its address but staying withinElon Musks corporate portfolio.
Many institutional investors and private equity firms who backed Musks initial purchase have found themselves underwater.
He added that xAI and Xs futures are intertwined.
Elon Muskko_orn / Dimitrios Kambouris / Getty Images
Today, we officially take the step to combine the data, models, compute, distribution and talent.
This combination will unlock immense potential by blending xAIs advanced AI capability and expertise with Xs massive reach.
His 219 million followers on X also help amplify the messages of the Trump White House.
Before Musks ownership, as a public company Twitter reported user numbers and other metrics.
In the second quarter of 2022, Twitter said it had average monetizable daily active usage of 237.8 million.
This is just the beginning.
