Elon Musk Says His AI Company Acquired X at Valuation of $33 Billion

Since buying Twitter and rebranding it as X, tech oligarch Elon Musk has sought to bring the social media platform into alignment with xAI, his artificial intelligence venture. Now, he says, that company has acquired the app, signaling that users’ content and behavior will be core to the AI business.

Musk of course announced the deal in a post on X on Friday, writing, “@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion…