Sunday, 30 March, 2025

Elon Musk's xAI Acquires X Social Media Platform in $33 Billion All-Stock Deal

Elon Musk's artificial intelligence company, xAI, has acquired the social media platform X (formerly Twitter) in an all-stock transaction valued at $33 billion. This strategic move aims to integrate xAI's advanced AI capabilities with X's extensive user base, potentially enhancing AI development and data utilization. The merger underscores Musk's vision of intertwining AI technologies with social media platforms.