AI acquires social media platform X Related news
Ștefania Anghel
ISTANBUL Elon Musk announced Friday that xAI has bought X, the social media platform previously known as Twitter. “@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk wrote on X. xAI was founded by Musk in March 2023 and is known for developing the AI chatbot Grok which is integrated into X. “X is the digital town square where more than 600M active users go to find the real-time source of ground truth and,
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