In a dramatic development, Elon Musk has just announced the merger of two of his major companies, with his AI-focused enterprise xAI now acquiring his social media platform X in an all-stock deal. @xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at… — Elon Musk (@elonmusk) March 28, 2025 To wit, Elon Musk has just announced that xAI has formally […]
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