Reported 24 days ago
Elon Musk's xAI startup has acquired the X platform, previously known as Twitter, for $33 billion, elevating xAI's total valuation to $80 billion and creating a combined entity valued over $100 billion. The all-stock deal streamlines Musk's businesses, integrating xAI's AI technology with X's extensive user data to enhance capabilities and stabilize the platform's uncertain advertising revenue. The merger signals potential new trends in social media and AI partnerships.
Source: YAHOO