Elon Musk's xAI acquires X
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Elon Musk’s artificial intelligence startup xAI has formally acquired his social media platform X in an all-stock transaction valued at approximately $45 billion.
From TechRepublic
Elon Musk’s xAI is facing a potential trademark dispute over the name of its chatbot, Grok.
From Wired
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The Shelby County Board of Commissioners approved a resolution calling for a public hearing on the continued use of gas turbines at xAI in Memphis.
On March 31, the Shelby County Health Department filed notice for the public comment period for xAI's use of gas turbines in South Memphis.
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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.
SpaceX and Tesla boss Elon Musk acquires Intel for $133 billion, renames CPUs to Core xAI and will power Microsoft's next-generation Xbox console in 2026.
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.
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Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal.
Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.
The acquisition was an all-stock transaction for $45 billion with the combined company now valued at $80 billion, according to Elon Musk.
Memphis Mayor Paul Young promised that people living near the xAI supercomputer will see benefits from the revenue it creates, but residents worry what health benefits that money will cost.