Elon Musk sells X to own company, xAI in $33bn all-stock deal
xAI, Elon Musk’s artificial intelligence (AI) startup, has acquired X, the social media platform formerly known as Twitter, in an all-stock transaction valued at $33 billion.
Musk announced the acquisition on X on Friday, adding that the deal will merge X’s vast data resources with xAI’s advanced AI models.
“xAI has acquired X in an all-stock…
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