Saturday, March 29, 2025

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

Elon Musk has sold social media platform X to his xAI company in a $33 billion all-stock deal. The acquisition aims to merge xAI's AI expertise with X's vast reach. Musk values xAI at $80 billion and X at $33 billion, enhancing user experiences with advanced AI.

from Tech-Economic Times https://ift.tt/CAk2aJv

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