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 corp, tesla inc, business news, breaking news: technology, elon musk, alphabet class c, donald j. trump, alphabet inc, meta platforms inc, social media,