X was recently hit by a massive data leak featuring 2.8 billion Twitter IDs, potentially impacting over 200 million users.
The billionaire's AI startup which kicked off in 2023, recently raised $6 billion from investors at a valuation of $40 billion, sources told Reuters.
In a post on X, Musk stated, "The futures of xAI and X are interconnected. Today, we officially take the step to merge our data, models,
Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of $33 billion, marking a surprise twist for the social network formerly
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Digital Music News on MSNxAI Acquires X in Multibillion-Dollar Deal — But the Social Platform Is Still Grappling With Music Publishers’ Infringement SuitAI has acquired X (formerly Twitter) in an all-stock transaction. Despite the multibillion-dollar deal, however, the social platform is still facing an infringement suit from almost 20 music publishers.
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If you’re Elon Musk, you sell X to xAI. In a tweet on X, Elon Musk wrote that xAI had acquired X for $33 billion, or “$45 B less $12B debt.” Musk paid $44 billion for Twitter when he bought it in October 2022.