Elon Musk’s xAI buys Twitter (X) for $33 billion, less than initial purchase price

Elon Musk has merged xAI, his artificial intelligence startup, with his social media company X, in an all-stock deal that values X at $33 billion, nearly $11 billion less than what he paid to buy Twitter in late 2022. The transaction was announced on Friday, and Elon posted on X that the two companies’ futures […] source: https://www.cryptopolitan.com/elon-musks-xai-buys-twitter-x-for-33-billion/