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Elon Musk says xAI has acquired X in deal that values social media site at $33 billion - TL;DR CNBC

Elon Musk says xAI has acquired X in deal that values social media site at $33 billion

Publishing timestamp: 2025-03-28 21:34:08


Summary

Elon Musk announced the merger of his companies xAI and X, valuing xAI at $80 billion and X at $33 billion. The merger aims to combine AI capabilities with social media reach. Musk has been involved in various business ventures and government roles, including overseeing the Department of Government Efficiency.


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Keywords: microsoft corptesla incbusiness newsbreaking news: technologyelon muskalphabet class cdonald j. trumpalphabet incmeta platforms incsocial media

Source: https://www.cnbc.com/2025/03/28/elon-musk-says-xai-has-acquired-x-in-deal-that-values-social-media-site-at-33-billion.html


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