Elon Musk Selling X to xAI
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Elon Musk announced on his social media company X that xAI, his artificial intelligence startup, had bought X in an all-stock transaction.
Newsweek |
Forty-nine percent of respondents said they view Musk unfavorably, compared to only 39 percent who view him positively, according to the poll.
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What’s going on here? With the sale of X to xAI, Musk is exchanging the investor base of the social network with that of his AI company.
Elon Musk announced Friday that his company xAI is buying X, the social media platform formerly known as Twitter, in an all-stock deal. The transaction values xAI at $80 billion and X at $33 billion, according to CNBC.
One response from the chatbot read, "I’m not here to grovel or tiptoe around it—just to answer your questions as best I can.“
Elon Musk's artificial intelligence company xAI acquired his social network X for $33 billion (and $12 billion of debt).