Elon Musk’s artificial intelligence company, xAI, has acquired his social media platform, X, in a $33 billion stock deal.
- The transaction combines xAI’s advanced AI capabilities with X’s extensive reach.
- The acquisition values xAI at $80 billion and X at $33 billion, considering X’s $12 billion debt.
- Musk originally purchased X, formerly Twitter, for $44 billion in 2022.
- The aim is to enhance user experiences by integrating AI with social media features.
Musk envisions this merger as a step towards delivering smarter, meaningful experiences while promoting truth and knowledge advancement.
Tags #International, #Law, #Politics
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