Elon Musk announced on Friday that his artificial intelligence company xAI has purchased the social media platform X, previously known as Twitter, in a deal worth $45 billion, debt included. Musk shared on X that the futures of xAI and X are connected, and they are now combining their resources, expertise, and technology. The merged entity is estimated to be valued at $80 billion. Musk's AI startup, established in 2023, recently secured $6 billion in funding from investors, valuing the company at $40 billion.