Elon Musk says xAI has acquired X, in deal valuing X at $33 billion newsthirst.
Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion. “xAI and X’s futures are intertwined,” Musk, the world’s richest person, wrote in a post on X. “Today,…