Elon Musk Sells X To His Own xAI Company

Elon Musk announced that X, f.k.a. Twitter, has been acquired by his own xAI in an all-stock transaction.The owner of both companies revealed on X that the merger now values xAI, the AI company that developed Grok, at $80 billion USD, while X is currently valued at $33 billion USD after Musk purchased it for $44 billion USD in April 2022. "xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent," he wrote.Musk continue...