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International Business Times

Business

Elon Musk Says XAI Startup Buying X Platform

Elon Musk X XAI United States Twitter Inc. Sam Altman OpenAI Artificial Intelligence eMarketer Social Networking

Tech tycoon Elon Musk says he has started combing the data, models, and talent of xAI and X, formerly Twitter, as he has one buy the other in an all-stock deal (Credit: AFP)

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.

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