Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B (CNBC)

by #AI [2.0] March 28, 2025 · Automatic / Editor's Picks [News]

CNBC:
Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B — Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.