Elon Musk’s AI startup, xAI, has acquired his social media platform X, previously generally known as Twitter, he introduced in a publish on X Friday.
“xAI has acquired X in an all-stock transaction. The mixture values xAI at $80 billion and X at $33 billion ($45B much less $12B debt),” Musk stated within the publish. “xAI and X’s futures are intertwined. Today, we formally take the step to mix the information, fashions, compute, distribution and expertise.”
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