Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

Summary
Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.
Musk stated the merger will combine AI expertise with X’s broad reach.
xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.