US EditionThe xAI-X Deal Is A $33 Billion Windfall For Elon Musk
- Elon Musk sold X to xAI, his artificial intelligence company, in an all-stock deal announced Friday.
- Musk aims to combine X's reach with xAI's AI expertise, as both companies' futures are intertwined.
- X will integrate xAI's models, data, talent, compute, and distribution to create smarter experiences.
- The deal values X at $33 billion and xAI at $80 billion; Musk stated this "will unlock immense potential."
- The acquisition's impact on X users remains unclear, though xAI already uses X data for AI training.
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Elon Musk’s Megadeal Between X and xAI Breaks Wall Street’s Rulebook
The tech titan can follow his own rules when he is combining two companies he owns, but the merger is still raising dealmaker eyebrows The new $80 billion valuation figure for xAI is a big jump from just four months ago, when the company was valued at...
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Total News Sources91
Leaning Left17Leaning Right9Center10Last UpdatedBias Distribution47% Left
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