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Elon Musk has sold his social media platform X to his AI startup xAI in an all-stock deal valued at $80 billion, coinciding with a US judge rejecting his bid to dismiss a fraud lawsuit related to his initial investment in Twitter. This acquisition has raised concerns about potential exposure for xAI and its investors, as Musk is accused of inflating xAI's stock value while incurring significant losses on the transaction. Musk aims to integrate xAI's capabilities with X's reach to enhance human progress through advanced AI tools.
Lotte Group has partnered with Arbitrum to launch the Lotte Caliverse platform, an AI-driven metaverse that integrates blockchain technology for enhanced virtual experiences. This collaboration will enable crypto payments and on-chain transactions, leveraging Arbitrum’s rapid block times for seamless performance. The partnership, announced at CES 2025, includes a significant developer grant from the Arbitrum Foundation, underscoring a commitment to innovation in the web3 gaming and metaverse sectors.
Lotte Group has partnered with Arbitrum to enhance its AI-driven metaverse platform, Lotte Caliverse, announced at CES 2025. This collaboration will enable crypto payments and on-chain gaming, leveraging Arbitrum’s 250ms block times for seamless virtual experiences. The Arbitrum Foundation awarded Lotte its largest developer grant in ARB tokens, underscoring a commitment to innovation in the web3 gaming sector.
Steven Goldfeder
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Elon Musk sells X to xAI amid fraud lawsuit controversy
02:03 29.03.2025
Lotte Group partners with Arbitrum to launch innovative mobile AR platform
14:07 08.01.2025
lotte group partners with arbitrum to launch ai driven metaverse platform
13:47 08.01.2025
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