#XAI American billionaire Elon Musk announced on Friday that his company xAI had acquired X, formerly known as Twitter, in a $33 billion equity deal, valuing the company at $45 billion, including $12 billion in debt.
"The future of xAI and X is interconnected. Today, we're officially taking the step of integrating data, models, computing, distribution, and talent," Musk said in a post on X, adding that the combined company will be valued at $80 billion.
Read also: Musk's xAI unveils 'Grok 3' AI model, claims superiority over competitors
Sources told Reuters that the billionaire's AI startup, which launched in 2023, recently raised $6 billion from investors, at a valuation of $40 billion.
The CEO of Tesla and SpaceX acquired Twitter in a deal valued at approximately $44 billion in late 2022, which included massive cost reductions, and quickly renamed it X.
Musk launched xAI less than two years ago with the stated goal of "understanding the true nature of the universe."
Bull run has already began at the entrance of 2023 maybe it has slow down but not done yet , keep building and belive in what ou have been builde $BNB $XRP $ETH will be the major crypto currency of all time
$CHZ Finally Preparing For Massive Run Towards Upside In Midterm On Verge Of Multi Year Consolidation (Descending Channel Breakout) Expecting 400% Bullish Wave Incoming Weeks After Successful Breakout
XRP: DON'T FALL FOR THE HYPE! HERE'S WHY YOU SHOULD BE CAREFUL! šØ
XRP has been making waves in the cryptocurrency world, drawing in countless investors with its promises of fast transactions and low fees. But before you dive in headfirst, it's essential to consider the risks that come with this highly volatile and speculative asset. Here's why you should approach XRP with caution: 1ļøā£ Legal Uncertainty - The Ripple Effect XRPās ongoing legal battle with the U.S. SEC has created a storm of uncertainty. The SEC claims that XRP is a security, which could lead to massive repercussions for the project, including potential fines, legal penalties, and delistings from major exchanges. With the case still unresolved, itās impossible to predict how the legal landscape will impact XRP's future. This ambiguity creates a massive risk for investors who may be caught off-guard by unfavorable rulings. 2ļøā£ Centralization Concerns - Who's Really in Control? Unlike decentralized projects like Bitcoin or Ethereum, XRP remains highly centralized. Ripple, the company behind XRP, controls a significant portion of the total supply. This raises serious concerns about market manipulation, as Ripple could potentially influence the price by selling or holding onto large amounts of XRP. If the project is too reliant on one entity, it undermines the core principle of decentralization that many crypto enthusiasts value. 3ļøā£ Scalability & Competition - Is XRP the Future? XRP has been touted as a fast and cheap solution for cross-border payments, but it's facing tough competition. Projects like Stellar (XLM), traditional financial systems like SWIFT GPI, and even emerging Central Bank Digital Currencies (CBDCs) are all vying for the same space. XRPās adoption outside of Rippleās direct partnerships remains limited, and its future in the broader market is far from guaranteed. Will XRP stay relevant, or will it be overtaken by other technologies? 4ļøā£ Market Speculation - The Roller Coaster Ride XRPās price has often been fueled more by speculation than by actual use or adoption. While it has enjoyed periodic surges in value, these price fluctuations are often linked to news cycles, legal developments, and market sentiment rather than real-world utility. If the hype fades or the legal challenges worsen, XRPās price could experience sharp declines, leaving speculative investors at risk. 5ļøā£ Transparency Issues - What's Really Going On? Rippleās control over a substantial portion of XRPās supply, coupled with its practice of occasionally selling large amounts of tokens, raises questions about transparency and fairness. This centralized power structure can lead to market manipulation, potentially creating an uneven playing field for investors. Without clear insight into Ripple's strategies, itās hard to gauge whether XRP truly offers long-term value.
šØ BOTTOM LINE: THINK TWICE BEFORE YOU INVEST! šØ While the hype surrounding XRP can be tempting, itās crucial to understand the risks involved. With legal battles still in play, concerns over centralization, growing competition, and price volatility, XRP may not be the āsafe betā itās often marketed to be. Always do your own research, assess your risk tolerance, and consider whether the potential rewards outweigh the inherent risks before diving into this unpredictable market.
$XRP I see comujuty bullish on xrp which is good , but is the community regularly buying as well or just bought and wait ? if xrp community buy $100 worth of xrp weekly we can create solid foundation for this project ,
$CHZ has only one problem that increases of supply , community Needs to build either buy back or burn mechanism other wise $chz has great upside potential upto $0.30 to $0.50
8th February 2023 $BTC $21.700 / $BNB closes at $306 today 8th Feb 2024 BTC $44900 / BNB at $317 What an odd $BNB still in accumulating zone or there is something else smoking ?
Anyone out there wondering whene is #binancelunchpad RT and like so they can rememebr us , during markets tough times lunchpool projects keep #bnb staddy #bnbrewards means more #bnb purchases
#BNB is most undervalue utility token you can make basket or you can make fortune , 2022 #BTCš„š„ 19k #BNB is $300 2024 #BTCš„š„ $43k #bnb is still $300 so you make the calculation and you tell me if there are any other way around ?