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World News@lemmy.worldEnglish · 1 year ago

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

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technology@lemmy.world

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Elon Musk sells X to his own xAI for $33 billion in all-stock deal

Redditsux@lemmy.world to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
technology@lemmy.world

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

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athairmor@lemmy.world
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1 year ago
I’m surprised the Twitter investors would approve this. Their worthless Twitter stock is now worthless xAI stock. How does that help them?

I guess they’ll try to take xAI public with a massively overpriced IPO.
- Pennomi@lemmy.world
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  1 year ago
  The whole point of buying Twitter was to take it private. IPO for xAI would hilariously undo that.

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