Elon Musk’s power move: X merges with xAI to ‘accelerate human progress’

On Friday, the billionaire-investor Elon Musk announced that his artificial intelligence startup, xAI, is acquiring his social media platform, X, in a deal that values the company at $33 billion.

“This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” Musk posted on X.