Elon Musk's X purchased by his AI company xAI

Posted by GSMArena.com - Latest articles on 2025-03-29 16:00:02
{"points":"

Fatal error: Uncaught Error: Call to private method OllamaAPI::logToFile() from global scope in E:xampphtdocsapiaiendpoint.php:182
Stack trace:
#0 {main}
thrown in E:xampphtdocsapiaiendpoint.php on line 182
","summary":""}
Related Products:
Shop for AI on Amazon
ADVERTISEMENT

Original Message:

Elon Musk-owned X, previously called Twitter, has been purchased by his AI company xAI.

This announcement came from Musk through a post on his X account, revealing that X was acquired by xAI in an all-stock transaction, valuing xAI at $80 billion and X at $33 billion ($45B less $12B debt).



X, then Twitter, was purchased by Musk in 2022 for about $44 billion and has been mired in controversies for different reasons. With its acquisition by xAI, Musk said this combination of X and xAI, whose "futures are intertwined," will unlock immense potential by "blending xAI’s advanced AI...

Source: GSMArena.com - Latest articles

Comments

Your name:

Comment: