Bloomberg Businessweek
Musk’s XAI Deal Offers an Unexpected Win for X Investors
Mar 31, 2025
Chris Brigati, Chief Investment Officer at SWBC, shares strategies to navigate turbulent markets and avoid panic trading. Jacqui Canney, Chief People & AI Enablement Officer at ServiceNow, emphasizes the need for a workforce trained in AI skills to adapt to rapid changes. Vinny Catalano, Chief Markets Strategist at Stuyvesant Capital Management, provides insights on market cycles and the impact of the Federal Reserve. The discussion highlights Elon Musk's strategic financial maneuvers and the broader implications for investors in the tech landscape.
35:20
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Quick takeaways
- Elon Musk's acquisition of X through his AI startup xAI transforms X investors' stakes into potential growth in the AI sector.
- Concerns about market volatility due to economic uncertainty highlight the need for cautious investing and adapting to AI's impact on job skills.
Deep dives
Elon Musk's Acquisition of XAI and X
Elon Musk has completed the acquisition of the social media platform X, formerly known as Twitter, through his AI startup XAI. This all-stock deal merges the two entities, allowing XAI access to a wealth of user data, which can enhance its AI models, while X can now distribute XAI's chatbot, Grok, to a wider audience. This acquisition has sparked questions about its necessity since both companies were already collaborating closely before the formal merger. Investors in X likely see this as a positive development, transforming their stakes in a struggling social network into those in a burgeoning AI venture.
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