Tech billionaire Elon Musk’s xAI artificial intelligence firm has acquired his social media company X, formerly known as Twitter, for $33 billion (€30.5 billion).
Musk announced the transaction in a post on X, saying: “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).”
What did Musk say about the deal?
“xAI and X’s futures are intertwined,” he wrote. “Today, we officially take the step to combine the data, models, compute, distribution and talent….
Article Source
https://www.dw.com/en/elon-musk-sells-x-to-his-ai-company-xai/a-72079945
