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Elon Musk Sells X To xAI

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Overview
“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.”
From Associated Press News
Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter.
From BBC

Read more on News Digest

Elon Musk says xAI acquired X in $45 billion deal. Who owns xAI?
The acquisition was an all-stock transaction for $45 billion with the combined company now valued at $80 billion, according to Elon Musk.
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
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.
Elon Musk says his AI company and X are merging
The all-stock deal values xAI at $80 billion and X at $33 billion, according to Musk’s post. The billionaire has increasingly linked the two companies, wielding user data from X to train its AI models.
Musk's xAI buys his social media platform X
Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter. In an X post Friday, Musk said the all-stock transaction values xAI at $80 billion and X at $33 billion.
Musk Says That His xAI Startup Has Acquired X for $33 Billion
Billionaire Elon Musk said his xAI artificial intelligence startup has acquired the X platform at a valuation of $33 billion, marking a surprise twist for the social network formerly known as Twitter.
Elon Musk Sells X To His Own xAI For $33 Billion In All-Stock Deal
Both companies are privately held, which means they are not required to disclose their finances to the public.
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Musk's xAI buys social media platform X for $45 billion
The billionaire's AI startup which kicked off in 2023, recently raised $6 billion from investors at a valuation of $40 billion, sources told Reuters.
Musk's xAI buys Musk's X social media platform for $33 billion
Elon Musk's xAI artificial intelligence firm has acquired Musk's X, the social media outfit formerly known as Twitter for $33 billion, marking the latest twist in the billionaire's rapid consolidation of power.
Musk Merges His AI Company With X, Claiming Combined Valuation of $113 Billion
Elon Musk’s artificial-intelligence startup xAI has acquired X, the social-media platform he also owns, in an all-stock transaction, he said.
Elon Musk’s AI company acquires his X social media platform in $33B Deal
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.
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