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

Elon Musk has sold the social media platform X to his AI company xAI in a deal valued at $33 billion. The transaction aims to merge xAI's advanced artificial intelligence with X's extensive user base. Musk emphasizes this integration will drive smarter experiences for users while maintaining a commitment to truth and knowledge advancement. Despite the merger, it is unclear how this will affect current users, as xAI already utilizes data from X for its AI training, indicating ongoing use of the platform's user interactions.
Elon Musk stated that the merger of xAI and X aims to blend AI capabilities with X's reach, unlocking immense potential for smarter experiences.
The deal values xAI at $80 billion and X at $33 billion, raising questions about transparency as both companies are privately held.
Read at ABC7 San Francisco
[
|
]