Elon Musk Sells X to His xAI for $33 Billion in All-Stock Deal

Reported 3 days ago

Elon Musk has sold the social media platform X, previously known as Twitter, to his artificial intelligence firm xAI for $33 billion in an all-stock transaction. Musk announced that this move aims to merge xAI's advanced AI capabilities with X's extensive reach, potentially enhancing user experiences while maintaining the mission to seek truth and advance knowledge. Despite the significant change in ownership, it remains unclear how this will specifically affect X users, as xAI already utilizes data from X for its AI models.

Source: YAHOO

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