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X Corp's Twitter to become a major shareholder in xAI, with CZ also joining as an AI investor

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X Corp

Amidst the recent turbulence in the AI industry, xAI founder Musk announced that X Corp's Twitter will have a 25% stake in xAI. Binance founder Zhao Changpeng CZ has also joined the ranks as an investor in AI!

X Corp Former Twitter Shareholder to Own 25% of xAI

According to reports in April, Musk renamed his Twitter handle to X Corp in company documents as part of the "X" project for the all-encompassing Super App.

His artificial intelligence company, X.AI, founded in early March, has Musk as the sole director. xAI aims to develop a generative artificial intelligence system that will allow Musk to challenge OpenAI, a company he co-founded in 2015 and is supported by Microsoft. Musk left the board of directors in 2018 due to conflicts with the management. It is said that Musk is also discussing with some investors of SpaceX and Tesla about investing in his new venture, xAI.

Now, Musk is integrating X Corp's investor strategy into xAI, where the former Twitter shareholders will hold a 25% stake in xAI.

As a result, Binance founder Zhao Changpeng CZ has also become a shareholder of xAI!

Twitter prospective shareholder and Binance founder Zhao Changpeng: Wired $500 million to Musk two days ago

Grok AI and xAI Integration

Recently, Musk launched Grok AI, positioned as a competitor to chatbots like ChatGPT and Bard.

Grok, supported by xAI, is an artificial intelligence that mimics "The Hitchhiker's Guide to the Galaxy." One of Grok's unique and fundamental advantages is its real-time understanding of the world through the X platform. It will also answer sharp questions that most other artificial intelligence systems refuse, with a unique sense of humor. Musk views Grok as an artificial intelligence that "maximally pursues truth beyond current model capabilities."

xAI, imitating "The Hitchhiker's Guide to the Galaxy," officially launched Grok, which is humorous, satirical, and up-to-date with current affairs.