Elon Musk says xAI startup buying X platform

SAN FRANCISCO: Elon Musk on Friday said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company once known as Twitter at $33 billion.

“This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” Musk said in a post on his social network.

X has more than 600 million users, and its future is “intertwined” with that of xAI, launched two years ago, according to Musk.