Elon Musk’s xAI startup just bought X for $45 billion

Elon Musk's xAI has acquired his social media platform X, previously known as Twitter, for $45 billion in an all-stock deal that values the company at $33 billion, including $12 billion in debt. This acquisition marks a significant move in the tech landscape, inviting further exploration into Musk's strategies and the future of social media. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Fast Company