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Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal.
Social platform X struggled after Elon Musk took over, but its fortunes improved dramatically after US President Donald Trump won reelection. Now it will be become part of Musk's AI startup xAI.
Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform ...
The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Elon Musk. In particular, Grok AI is expected to expand on X.
Elon Musk announced Friday that his company xAI is buying X, the social media platform formerly known as Twitter, in an ...
The acquisition allows co-investors in the social media platform, such as venture firms Andreessen Horowitz and Sequoia Capital, to benefit from xAI's value. Musk emphasised that "xAI and ...
Elon Musk's AI company, xAI, has acquired the social media platform X (formerly Twitter) for $33 billion. The acquisition aims to merge X's vast data resources with xAI's advanced AI ...
Elon Musk has orchestrated a high-profile takeover of X through his artificial intelligence firm, xAI, in an all-stock ...
Billionaire Elon Musk on Friday said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company, once known as Twitter at $33 billion.
DMR News on MSN3d
The xAI–X merger looks promising for those backing Musk’s empireAI, the recent AI startup founded by Elon Musk, just made a splashy one. It recently finished its acquisition of X, the ...
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