Elon Musk Sells X to xAI in $33 Billion All-Stock Deal, Blending Social Media with Artificial Intelligence:

Last Friday, Elon Musk declared that his USD 33 billion social media site X was sold to his xAI artificial company Elon Musk, both of which are privately owned and, therefore, luxuriate in financial confidentiality. Musk’s sure tweet suggests that this will provide “a level of unprecedented opportunity by fusing together xAI's brilliant AI skill with the X’s enormous reach.” Musk expressed that this move will permanently xAI at 80 billion dollars and X at 33 billion. Musk, who is the CEO at Tesla, SpaceX, and consultant to president trump, purchased the site called Twitter for 44 billion dollars in 2022.

Since then, he has wielded and merged its employees and policies regarding hate speech, misinformation, and user verification, later changing its name to X. A year after this, he started xAI. Combining the data, models, distribution, compute and talent, brings a bold promise “to unlock astounding potential through merging xAI's advanced AI capability with the huge range of X,'’ wrote Musk on X.

“In staying dedicated to pursuing the truth and expanding knowledge, the combined company will provide billions with more impactful experiences.”