Musk's xAI buys social media platform X for $45 billion (www.reuters.com)

submitted 3 months ago by misk@sopuli.xyz to c/technology@beehaw.org

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Archive: https://ghostarchive.org/archive/z7vik

March 28 (Reuters) - Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including $12 billion debt.

"xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent," Musk said in a post on X, adding that the combined company would be valued at $80 billion.

Neither X nor xAI immediately responded to a request for comment.

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[-] Powderhorn@beehaw.org 12 points 3 months ago

Deck chairs on the Titanic.

[-] Midnitte@beehaw.org 9 points 3 months ago

Well now the titanic chairs are on the Exon Valdez

Dennis Hopper intensifies

this post was submitted on 28 Mar 2025

28 points (100.0% liked)

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