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Elon Musk announced xAI's acquisition of X, valuing xAI at $80 billion and X at $33 billion.
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- Elon Musk announced that xAI acquired X in an all-stock transaction, valuing xAI at $80 billion and X at $33 billion.3
- Musk stated that the acquisition places X firmly under the umbrella of Musk’s AI startup, which he founded in 2023 to compete with OpenAI.2
- Musk noted that X has more than 600 million active users, providing xAI with a significant advantage in AI training data.2
- The acquisition suggests that X’s true value may lie in advancing Musk’s broader AI ambitions.2
- Elon Musk announced that xAI acquired X in an all-stock transaction, valuing xAI at $80 billion and X at $33 billion.
- The acquisition places X firmly under the umbrella of Musk’s AI startup, which he founded in 2023 to compete with OpenAI.
- Musk noted that X has more than 600 million active users, providing xAI with a significant advantage in AI training data.