EU regulators would not only factor in X's revenue when tallying a financial penalty, but also the revenue of Musk's other companies like SpaceX, Neuralink, xAI and Boring Company. According to Bloomberg 's report, Tesla's revenue would not be factored into the equation as it is a publicly traded company and not entirely controlled by Musk.

The European Union has reportedly warned X that it may impose fines on the social platform that take into account revenue from Elon Musk’s other businesses.

The European Union has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp.

Reddit struck a similar deal with Google earlier this year which allowed the tech giant to use posts on the platform to train its AI models on and improve their online search results.

On Wednesday, social network X (formerly Twitter) updated its Privacy Policy to indicate that it would allow third-party "collaborators" to train their AI

The announcement has sparked significant backlash, with users worried about the new update's impact on privacy.