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Elon Musk's xAI has acquired the social media platform X, formerly known as Twitter, in a $45 billion all-stock deal, which includes $12 billion in debt. The combined entity is valued at $80 billion, with xAI recently raising $6 billion at a $40 billion valuation. Musk emphasized the integration of data, models, and talent between the two companies as they aim to enhance their competitive edge in the AI sector.
Daria Sito-Sucic
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xAI acquires social media platform X in 45 billion dollar deal
22:58 28.03.2025
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