Elon Musk has sold the social media platform X, formerly Twitter, to his artificial intelligence company, XAI, in a $33 billion all-stock deal.
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00:00Elon Musk has sold the social media platform X, formerly Twitter, to his own artificial
00:05intelligence company, XAI, in a $33 billion all-stock deal.
00:10The transaction values XAI at $80 billion, with the combined entity aiming to integrate
00:16XAI's advanced AI capabilities with the social media app's user base.
00:20Musk, who acquired X for $44 billion in 2022, launched XAI a year later.
00:27It currently uses data from X to train its AI models, including the chatbot Grok.
00:32The company says the merger will create better experiences for users by combining resources
00:37and talents from both companies.