Close Menu
Global News HQ
    What's Hot

    Aptos Double Bottom Pattern Points To $10 Bullish Target – Details

    June 28, 2025

    US multinationals on track for minimum tax reprieve after G7 deal

    June 28, 2025

    Is The Velvet Sundown an AI-generated band?

    June 28, 2025
    Recent Posts
    • Aptos Double Bottom Pattern Points To $10 Bullish Target – Details
    • US multinationals on track for minimum tax reprieve after G7 deal
    • Is The Velvet Sundown an AI-generated band?
    • Lucite Is the Trending Furniture with Lasting Appeal—Designers Reveal Top Styling Tips
    • Why Investing Abroad Could Pay Off
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Aptos Double Bottom Pattern Points To $10 Bullish Target – Details
    • US multinationals on track for minimum tax reprieve after G7 deal
    • Is The Velvet Sundown an AI-generated band?
    • Lucite Is the Trending Furniture with Lasting Appeal—Designers Reveal Top Styling Tips
    • Why Investing Abroad Could Pay Off
    • NYC real estate reels from primary, while big deals emerged
    • How to Master Leadership and Prevent ‘Owner Bottleneck’ From Hindering Your Team
    • A practical guide to being an ally in the workplace
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Technology & Gadgets - Elon Musk’s X has a new owner—Elon Musk’s xAI
    Technology & Gadgets

    Elon Musk’s X has a new owner—Elon Musk’s xAI

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Elon Musk’s X has a new owner—Elon Musk’s xAI
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Elon Musk today said he has merged X and xAI in a deal that values the social network formerly known as Twitter at $33 billion. Musk purchased Twitter for $44 billion in 2022.

    xAI acquired X “in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk wrote on X today.

    X and xAI were already collaborating, as xAI’s Grok is trained on X posts. Grok is made available to X users, with paying subscribers getting higher usage limits and more features.

    “xAI and X’s futures are intertwined,” Musk wrote. “Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”

    Musk said the combined company will “build a platform that doesn’t just reflect the world but actively accelerates human progress.”

    xAI and X are privately held. “Some of the deal’s specifics were not yet clear, such as whether investors approved the transaction or how investors may be compensated,” Reuters wrote.

    The reported value of the company formerly called Twitter plunged under Musk’s ownership. Fidelity, an X investor, valued X at less than $10 billion in September 2024. But X’s value rebounded at the same time that Musk gained major influence in the US government with the inauguration of President Donald Trump.

    On the AI front, Musk has also been trying to buy OpenAI and prevent the company from completing its planned conversion from a nonprofit to for-profit entity.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleSupreme Court considers Catholic charity group’s bid for tax exemption – SCOTUSblog
    Next Article The Best Suction Pool Cleaner We’ve Ever Tested Is on Sale in Not One But Two Models

    Related Posts

    Is The Velvet Sundown an AI-generated band?

    June 28, 2025

    The best iRobot vacuums of 2025: Expert tested and reviewed

    June 28, 2025

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    June 28, 2025

    Asus’s new BTF GPUs can now be used in standard systems courtesy of a detachable 1000W power connector — New 5090 and RTX 5070 Ti models have a dual personality

    June 28, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Cryptocurrency & Blockchain
    3 Mins Read

    Aptos Double Bottom Pattern Points To $10 Bullish Target – Details

    In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in…

    US multinationals on track for minimum tax reprieve after G7 deal

    June 28, 2025

    Is The Velvet Sundown an AI-generated band?

    June 28, 2025

    Lucite Is the Trending Furniture with Lasting Appeal—Designers Reveal Top Styling Tips

    June 28, 2025
    Top
    Cryptocurrency & Blockchain
    3 Mins Read

    Aptos Double Bottom Pattern Points To $10 Bullish Target – Details

    In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in…

    US multinationals on track for minimum tax reprieve after G7 deal

    June 28, 2025

    Is The Velvet Sundown an AI-generated band?

    June 28, 2025
    Our Picks
    Cryptocurrency & Blockchain
    3 Mins Read

    Aptos Double Bottom Pattern Points To $10 Bullish Target – Details

    In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in…

    Finance & Investment
    5 Mins Read

    US multinationals on track for minimum tax reprieve after G7 deal

    The world’s leading economies have agreed a deal to spare the US’s largest companies from…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version