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Elon Musk sells X to xAI in landmark 33 billion dollar deal

Elon Musk has sold social media platform X to his AI company, xAI, in a $33 billion all-stock deal. Founded in March 2023, xAI aims to understand the universe through advanced AI, with Musk as its primary owner. The merger is expected to enhance user experiences by combining xAI's capabilities with X's extensive reach.

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