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elon musk sells x to xai in 33 billion dollar deal
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.
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