As Cointelegraph reported, Twitter CEO Linda Yaccarino added more clues about X in a July 23 post, saying it will have “infinite interactivity,” support multiple media formats, and have payment and banking capabilities.

Yaccarino did not specify that the upcoming app would also be powered by artificial intelligence, but Musk has previously said that AI would be used to detect manipulation of public opinion.The rebranding comes as Musk acknowledged on July 15 that Twitter's advertising revenue had fallen by 50% and that the company was heavily in debt, though it was unclear over what time frame the revenue decline occurred.