Elon Musk’s xAI acquires social media platform X, once known
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Austin American-Statesman |
Elon Musk announced that xAI has acquired X, formerly known as Twitter, according to a post on the social media platform.
The Financial Times |
“xAI and X’s futures are intertwined,” Musk said on Friday evening, adding that he would be combining the data, models, computing power, distribution and talent of the two companies.
Mercury News |
Musk said that the combined platform will “deliver smarter, more meaningful experiences.”
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Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.
The mogul said Friday that XAI had acquired the platform formerly known as Twitter in an all-stock transaction.
14hon MSN
In what appears to be a widespread outage for many X users, the social networking site owned by Elon Musk was experiencing technical problems and displaying errors Friday. According to outage tracking website Downdetector.
Thousands of Twitter/X reported being unable to access Elon Musk's social media app and website this evening - users complained of not being able to access the social media app from 7pm
Elon Musk has sold X in a $33 billion deal to his AI startup company almost three years after buying Twitter and rebranding it. Musk, 53, announced the deal via a statement posted on his X account on Friday, March 28.
What’s going on here? With the sale of X to xAI, Musk is exchanging the investor base of the social network with that of his AI company.