xAI Acquires X in All-Stock Deal to Boost AI Ambitions

Elon Musk’s AI startup, xAI, has acquired social media platform X (formerly Twitter) in an all-stock deal, valuing xAI at $80B and X at $33B. The merger integrates data, AI models, and talent, strengthening xAI’s competitive edge. Musk aims to leverage X’s vast user base and data to accelerate AI development.

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