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Elon Musk Sells X to Elon Musk’s AI Company at $33 Billion Valuation, Mogul Says

Elon Musk said his AI company, xAI, acquired X in an all-stock transaction that values X at $33 billion.

With the sale of X to xAI, Musk is exchanging the investor base of the social network with that of his AI company (some of which they share). Musk claimed that the combination “will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.

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