Elon Musk has announced the sale of social network X (formerly Twitter) to his own AI company, xAI, for $33 billion. The deal is structured as a stock swap.

According to Musk, combining the resources of X and xAI is a step toward creating “an intelligent platform that doesn’t just reflect the world, but accelerates human progress.” Musk noted that the merger combines the data, models, computing power, reach, and talent of both companies.

The platform is expected to offer a more “meaningful user experience” while maintaining its mission of “seeking truth and advancing knowledge.” xAI already uses X’s posts to train its AI models, and X subscribers get access to the Grok chatbot.

xAI was founded in March 2023 to compete with OpenAI, the creator of ChatGPT. Musk previously co-founded OpenAI, but left after becoming an outspoken critic, particularly over OpenAI’s collaboration with Microsoft.

Musk has repeatedly emphasized that AI should strive to be “ultimately truth-seeking,” calling his vision TruthGPT — AI that seeks to understand the nature of the universe. He has also insisted on the need to regulate AI, seeing it as potentially more dangerous than cars and rockets.

The deal underscores Musk’s ambition to gain influence in the AI ​​space by combining the technology and scale of X.