Elon Musk says xAI acquired X
SMRTR summary
Elon Musk's AI startup xAI has acquired X (formerly Twitter) in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. This merger combines both companies' resources, integrating X's social media platform with xAI's AI technologies. The acquisition provides xAI with a significant advantage in AI training data and real-time information access through X's 600 million+ active users.
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