✴️Elon Musk sells X to his own xAI for $33B in all-stock deal
The move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” he wrote on X.
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 Friday.
Both companies are privately held, which means they are not required to disclose their finances to the public.