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elon musk's xai acquires social media platform x for 33 billion dollars

Elon Musk's xAI has acquired the social media platform X for $33 billion, consolidating his power across multiple ventures. The all-stock deal, which values xAI at $80 billion, aims to enhance the integration of data and AI models, particularly for Musk's Grok chatbot. Despite the merger, details on investor compensation and leadership integration remain unclear, while Musk faces ongoing legal challenges related to his previous Twitter acquisition.
the Guardian
United States Dollar OpenAI ERC USD SpaceXCoin USD Microsoft Corporation Tesla, Inc. USA Paolo Pescatore Elon Musk Espen Robak Sam Altman Gil Luria Show more
Business & Industry, News Article
02:50 29.03.2025
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