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Elon Musk’s xAI buys social media platform X for $45B

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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 in debt.
From Fast Company
“xAI and X’s futures are intertwined,” Musk said on Friday evening, adding that he would be combining the data, models, computing power, distribution and talent of the two companies.
From The Financial Times
Musk said that the combined platform will “deliver smarter, more meaningful experiences.”
From Mercury News

Read more on News Digest

Musk's xAI buys social media platform X for $45 billion
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.
Elon Musk’s xAI buys social media platform X for $45B: ‘Futures are intertwined’
Elon Musk said Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt.
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