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Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform ...
When Elon Musk announced that his AI startup, xAI, had acquired his social media company, X, in an all-stock deal, it raised ...
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.
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.
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 ...
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 ...
Editor’s Note: This story has been updated to reflect the accurate combined valuation of X and xAI. Elon Musk’s artificial intelligence startup xAI has acquired his social media company X ...
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.
ELON Musk’s xAI has acquired X in a deal that values the social media platform at $33 billion ($608bn) and allows the value of his artificial intelligence firm to be shared with his ...
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