Elon Musk confirms $80 BILLION merger between X and xAI
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The all-stock deal values xAI at $80 billion and X at $33 billion, according to Musk’s post. The billionaire has increasingly linked the two companies, wielding user data from X to train its AI models...
From The Washington Post
Musk, in a post on X Friday, said that his artificial-intelligence company, xAI, has acquired X in an all-stock transaction that values X at $33 billion ($45 billion minus $12 billion in debt).
From Variety
Musk said in a post on X that the move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
From Penn Live
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The all-stock deal combines two of Mr Musk's multiple portfolio companies and potentially eases Musk's ability to train his AI model known as Grok.
Elon Musk has announced the acquisition of X, his social media platform, by xAI, his AI company, in what critics say is an effort to bail himself out
Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly known as Twitter.
Bengaluru] Elon Musk’s xAI artificial intelligence (AI) firm has acquired Musk’s X, the social media outfit formerly known as Twitter for US$33 billion, marking the latest twist in the billionaire’s rapid consolidation of power.
Elon Musk’s social media platform X has been bought by tech billionaire’s artificial intelligence company xAI in a monster deal that values X at $33 billion.
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The Citizen on MSNElon Musk's xAI acquires social media platform X, valued at $33bnElon Musk's xAI has acquired social media platform X for $33 billion, enabling shared valuation among co-investors and enhancing the capabilities of its chatbot, Grok