Elon Musk's AI startup, xAI, has officially acquired the social media platform X, previously known as Twitter, through an all-stock transaction. This acquisition values xAI at $80 billion and X at $33 billion after accounting for debt. Musk envisions a future where both companies combine their strengths, enhancing user experiences with AI-driven innovations. The integration aims to leverage data and talents from both platforms to accelerate human progress. Although specifics remain scarce, Musk's commitment to AI development positions xAI to compete with industry giants like Google and Microsoft.