World News@lemmy.worldEnglish • 2 months ago

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

cross-posted to:
technology@lemmy.world

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Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

@Redditsux@lemmy.world to

World News@lemmy.worldEnglish • 2 months ago

cross-posted to:
technology@lemmy.world

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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@JohnDClay@sh.itjust.works
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20•2 months ago
For reference, he bought it for $44B.

https://wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk

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