Elon Musk’s artificial-intelligence startup xAI has acquired X, the social-media platform he also owns, in an all-stock deal that assigns the new enterprise a lofty valuation.

However, four large ad agencies—WPP, Omnicom, Interpublic Group, and Publicis—have recently agreed on deals, or are in talks, to set annual spending targets with X in so-called “upfront deals,” where advertisers commit to purchasing slots in advance.

Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter. In an X post Friday, Musk said the all-stock transaction values xAI at $80 billion and X at $33 billion.

Social media platform X said Wednesday it has challenged in Turkey's top court a government order to block over 100 user accounts, as the nation is roiled by mass protests. "We filed an individual application before the Turkish Constitutional Court challenging an order from the Turkish Information and Communication Technologies Authority to block 126 accounts,

Elon Musk-owned social media platform X is poised for the company's first year of advertising revenue growth since its acquisition by the billionaire in 2022, data from research firm Emarketer showed on Wednesday.

X is projected to see its ad sales jump significantly, in the latest sign Elon Musk's platform is in the midst of a business turnaround.

Laurence Fox has been charged with a sexual offences after he ‘shared an upskirting photo' on social media. The charge follows the release of the image on social media platform X, with the star first accused of re-posting the image on his X account in April 2024.