Musk announces he sold social media company X to his AI company for $33 billion
“xAI and X’s futures are intertwined,” Musk wrote in a post on X. “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.”
Tesla CEO Elon Musk announced on Friday that he sold his social media company X to his artificial intelligence company xAI for $33 billion, which is lower than he paid for it.
Musk purchased the social media company in 2022 for $44 billion.
“xAI and X’s futures are intertwined,” Musk wrote in a post on X. “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.”
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.
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