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Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, he announced in a post on X Friday.
“xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk said in the post. “xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent.”
This is a developing story… Check back for updates.
