Elon Musk’s xAI Acquires X in $33bn All-Stock Deal, Solidifying AI-Social Media Merger

Elon Musk has further deepened his control over the intersection of artificial intelligence and social media by merging two of his most ambitious ventures. On Friday, the billionaire entrepreneur announced that xAI, his AI startup, has acquired X (formerly Twitter) in an all-stock deal. “xAI has acquired X in an all-stock transaction,” Musk wrote in [...]The post Elon Musk’s xAI Acquires X in $33bn All-Stock Deal, Solidifying AI-Social Media Merger appeared first on Tekedia.

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