ChainCatcher News, according to the Financial Times in the UK, Elon Musk has fulfilled his promise by granting X shareholders shares in his artificial intelligence startup xAI.

Musk promised last year to give X shareholders 25% of the new company, but little has been heard about this commitment since then. The Financial Times reported on Wednesday that in two rounds of funding for xAI, X shareholders received a quarter of the equity, with one round of funding now completed, valuing the artificial intelligence startup at $50 billion.

The Financial Times reported that xAI stock might be enough to offset the losses that X shareholders have incurred from their investments in the social media platform. Since Musk took control, X's business has collapsed, as advertisers have fled, leading to a significant drop in its revenue.