Musk's xAI buys his social media platform X

Musk's xAI buys his social media platform X Elon Musk attends a meeting with President Trump and members of his cabinet in the White House Cabinet Room in Washington, DC, USA, 24 March 2025. "xAI and X's futures are intertwined," Musk wrote on X Friday. "Today, we officially take the step to combine the data, models, compute, distribution and talent." In an X post Friday, Musk said the all-stock transaction values xAI at $80 billion and X at $33 billion. Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter. The move may be aimed at protecting investors, who helped him buy purchase X, from losing money. Both X and xAI are privately held and share some major investors. They also share significant resources. "The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge," Musk wrote. XAI has used data from social media ... Read full article.