Elon Musk has transferred ownership of X.com to his artificial intelligence startup xAI in a $33 billion all-stock deal to enhance AI operations at a large facility in Memphis. The integration involves merging social media aspects with AI capabilities under xAI, which now holds a valuation of $80 billion with X valued at $33 billion after accounting for existing debt. Musk expressed that the merger will leverage the combined resources, talent, and technology of both companies to advance progress and provide enhanced experiences. This acquisition also reshuffles the investor base, as shareholders of X Corp. now hold a 25% stake in xAI, exchanging their shares in the social media platform for a part in Musk's AI visions. The move follows Musk's prior takeover of Twitter in 2022, resulting in significant changes to the platform's operations. Musk's emphasis on combining AI and social media is evident through his actions, even as xAI constructs a substantial AI campus in Memphis, signaling a major tech investment in the region. Despite advancements, concerns from local residents about air quality due to the facility's operations have prompted xAI to introduce measures like a wastewater recycling plant to address environmental impacts.