In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.

Summary

Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.

Musk stated the merger will combine AI expertise with X’s broad reach.

xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.

  • LupusBlackfur@lemmy.world
    55·
    6 days ago

    Hmm…

    Manipulating stocks between companies you own for fun and profit…

    Sounds pretty Ferengi to me.

    And no accountings shall be held…

    🙄 🤡 🤦‍♀️ 🖕