Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

With this move – which is in fact a sale of X to xAI – the billionaire is banking on the synergies between his AI technologies and the powerful reach of his platform, formerly known as Twitter. He is also giving X back its value,

Elon Musk's AI company xAI has acquired his social media company X. The Grok developer will now have direct access to data shared by 600 million active X users.

Elon Musk on Friday announced he has sold his social media platform X to his artificial intelligence company, xAI, in an all-stock transaction valued at $33 billion plus $12 billion in debt.

Tesla is being targeted over Elon Musk's ties to Donald Trump, showing Warren Buffett was right to worry that getting political could hit his company.

Well, folks, it’s been another fascinating week for the tech sector but not a great week for some CEOs. One week ago, Elon Musk held an all-hands meeting for Tesla’s staff and

Elon Musk has benefited from his close alliance with Donald Trump, as the president has ousted federal officials who had overseen departments investigating the billionaire's multiple companies.

Musk's public tirade about Reddit also included private correspondence with Reddit to influence content decisions.