{
Samuel Corum

People

}
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001122334455554433221100

Elon Musk's xAI acquires social media platform X in 33 billion deal

Elon Musk's AI company, xAI, has acquired his social media platform X in a $33 billion all-stock deal, which includes $12 billion in debt. This merger aims to combine xAI's advanced AI capabilities with X's extensive user base of approximately 611 million monthly active users, enhancing the platform's ability to foster human progress. Musk, who founded xAI in March 2023, emphasizes the potential of this integration to deliver smarter experiences while remaining committed to truth and knowledge advancement.
UPI
United States Dollar Tesla, Inc. SpaceXCoin USD USA Samuel Corum Elon Musk Donald Trump Sam Altman Show more
Business & Industry, News Article
01:02 29.03.2025
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