Musk says xAI bought X in deal that values the social network at $33 billion

Elon Musk announced this Friday (28) that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.

The futures of xAI and X are intertwined,” said Musk, the richest person in the world, in a post on X. “Today, we officially take the step to combine data, models, computing, distribution, and talent.#TrumpTariffs .