Energy
By Barbara Ortutay, Associated Press
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion (€30 billion) all-stock deal, the billionaire announced.
Both companies are privately held, which means they are not required to disclose their finances to the public.
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Mr Musk said in a post on X that the move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach”.
Elon Musk (Kirsty Wigglesworth/PA)
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