Elon Musk Sells Social Media, X To His AI Startup For $33 Billion
Elon Musk has announced the merger of his artificial intelligence startup, xAI, with his social media platform, X. The all-stock deal values xAI at a staggering $80 billion, while X is valued at $33 billion. Both companies, privately owned and controlled by Musk, share a roster of high-profile investors, including Andreessen Horowitz, Sequoia Capital, Fidelity…
