In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.

Summary

Elon Musk announced that his AI startup xAI has merged with his social media platform X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion.

Musk stated the merger will combine AI expertise with X’s broad reach.

xAI, launched less than two years ago, competes with OpenAI and has developed the Grok chatbot, integrated with X.

  • demizerone@lemmy.world
    31·
    4 days ago

    I hope I make it out alive of the scam economy. This mother sucker gets away with murder and I have dodge scammers left and right bcz there is no justice or rule of law.

    • Bakkoda@sh.itjust.worksEnglish
      7·
      4 days ago

      The other day i said something along the lines of the economy having a valuation problem and i was assured that that’s inaccurate and only the stock market has a valuation problem. So the economy is fine.

      /s