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About X
Industries
Consumer Software
Entertainment
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$94.3B
Headquarters
Bastrop, Texas
Founded
2006
Overview
X is a social media platform that allows users to share and interact with short-form content called posts. Originally known as Twitter, it became popular for its real-time updates and character-limited messages, which facilitate quick communication and public discussions. Users can follow accounts, reply to posts, share media, and engage with trending topics using hashtags. After being acquired by Elon Musk in 2022, the platform was rebranded to X and is evolving into an "everything app" that aims to include features like payments, audio/video communication, and content creation tools. X stands out from its competitors by focusing on a broader range of functionalities beyond just social networking, aiming to create a comprehensive digital experience. The goal of X is to transform how people communicate and interact online, making it a central hub for news, entertainment, and personal expression.
Simplify's Take
What believers are saying
- Integration of AI-driven content moderation tools enhances user experience.
- Exploration of blockchain technology for secure payment systems within the app.
- Collaboration with AI startups for advanced content creation tools.
What critics are saying
- Open-source AI models like Alibaba's Qwen3 challenge X's AI integration capabilities.
- OpenAI's shopping features could divert user engagement from X.
- Backlash against AI sycophancy highlights potential user dissatisfaction with AI interactions.
What makes X unique
- Rebranded as X in 2023, aiming to become an 'everything app'.
- Incorporates features beyond social networking, like payments and content creation tools.
- Direct channel for public figures and organizations to engage with audiences.
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Funding
Total Funding
$94260.2M
Above
Industry Average
Funded Over
12 Rounds
Andreessen Horowitz
Kleiner Perkins
Insight Partners
Benchmark
SV AngelBenefits
Stock Options
Company Equity
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↓ -4%Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Chinese e-commerce and web giant Alibaba’s Qwen team has officially launched a new series of open source AI large language multimodal models known as Qwen3 that appear to be among the state-of-the-art for open models, and approach performance of proprietary models from the likes of OpenAI and Google. The Qwen3 series features two “mixture-of-experts” models and six dense models for a total of eight (!) new models. The “mixture-of-experts” approach involves having several different specialty model types combined into one, with only those relevant models to the task at hand being activated when needed in the internal settings of the model (known as parameters). It was popularized by open source French AI startup Mistral
UPS and Figure AI are reportedly considering a partnership in which the robotics startup’s humanoid robots would perform some tasks in the logistics company’s operations. Discussions between the two companies are ongoing, Bloomberg reported Monday (April 28), citing unnamed sources. UPS said in the report that it wouldn’t discuss potential vendor partners and that it regularly explores a wide range of technologies, including robotics
Rice Robotics, a firm specializing in AI-powered robots, is partnering with Floki. The company will launch a Floki-themed robot and its own RICE token, which will be airdropped to FLOKI holders. The minibot will be an AI-powered task assistant that can offer several services to users. Users will receive RICE tokens for interacting with the minibots, as human data can help train the firm’s AI models.First-Ever Meme Coin-Inspired Robot?. Meme coins are not often associated with cutting-edge AI and robotics development. However, Floki has been driving creative Web3 initiatives for some time now, with several utility-driven projects
OpenAI said Monday (April 28) that it began rolling out features that make it easier and faster to “find, compare and buy products” in its ChatGPT chatbot. These features include improved product results; visual product details, pricing and reviews; and direct links to buy, the company said in a Monday post on X. They will be available to Plus, Pro, Free and logged-out users, according to the post
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. GeeFi is pushing the boundaries of digital asset management with the addition of token and native coin swapping and bridging in the GeeFi Wallet. Users can now transfer assets across multiple chains and manage their portfolios with ease and security.This is in line with GeeFi’s mission to make cryptocurrency accessible to everyone. Coming soon is the company’s native token, GeeFi (GEE) which will be a key part of the GeeFi ecosystem.Token and Coin SwappingGeeFi Wallet now supports tokens and native coins swapping across many chains, so users can convert one asset into another right within the app
X is Hiring for 94 Jobs on Simplify!
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UI/UX & Design
1 Open Roles
About X
Industries
Consumer Software
Entertainment
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$94.3B
Headquarters
Bastrop, Texas
Founded
2006
X is Hiring for 94 Jobs on Simplify!
Find jobs on Simplify and start your career today
UI/UX & Design
1 Open Roles