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Elon Musk has sold his social media platform, X, to his AI company, xAI, for $33 billion, a significant drop from his 2022 purchase price but an improvement from its recent low valuation. Musk stated that the merger will enhance both companies by integrating AI capabilities with X's extensive reach. Despite past controversies and advertiser departures, major brands like Amazon and Apple are reportedly returning to X, contributing to a rebound in its fortunes.
Elon Musk's Department of Government Efficiency is targeting the US penny, which costs over 3 cents to produce, leading to a $179 million expense for taxpayers in fiscal year 2023. The rising costs of metals and decreased circulation have fueled calls for its elimination, with experts suggesting that abolishing the penny could enhance efficiency in cash transactions.
Clare Duffy
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
elon musk sells x to xai in 33 billion dollar deal
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23:18 28.03.2025
musk targets us penny as production costs continue to rise
12:30 24.01.2025
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