News Summary

Elon Musk has sold his social media platform, X (formerly Twitter), to his own AI company, xAI, in a $33 billion all-stock transaction. This merger aims to combine xAI’s advanced artificial intelligence capabilities with X’s extensive reach, potentially increasing the value of both entities. The combined company is valued at $80 billion. xAI, established by Musk, has quickly become a leading AI laboratory, developing models and data centers at a significant pace. Despite the sale, no immediate changes to X were announced, although it already features integration with xAI’s Grok AI chatbot.