Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
www.cnbc.com Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.
Summary
Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.
Musk stated the merger will combine AI expertise with X’s broad reach.
xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.
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Geez that AI company would probably love to scrape all this government data. Sure that is worth something...
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