Elon Musk sells X to his own xAI
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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
Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter.
From BBC
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Elon Musk has announced that his artificial intelligence startup, xAI, has acquired social media platform X (formerly Twitter) in a deal worth $45 billion.
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Musk said that xAI has acquired the social-media platform in an all-stock deal valuing the AI company at $80 billion and X at $33 billion.
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