Elon Musk, Massive
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Newsweek |
the largest social media data breach ever, which allegedly leaked information linked to more than 2.8 billion accounts on X, formerly Twitter.
The Daily Beast |
Some GOP lawmakers are quietly hoping Elon Musk will soon be out of the spotlight over fears that he’s damaging the party’s electoral chances, according to Politico.
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Musk said the merger will 'unlock immense potential by blending xAI's advanced AI capability with X's massive reach.'
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.
Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.
4don MSN
Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal.
What’s going on here? With the sale of X to xAI, Musk is exchanging the investor base of the social network with that of his AI company.
If you’re Elon Musk, you sell X to xAI. He did OK on the sale. In a Friday evening tweet on X, Elon Musk wrote that xAI had acquired X for $33 billion, or “$45 B less $12B debt.” In his tweet, Musk explained the rationale behind the deal.
X Corp. wants former employees to pay hundreds of dollars more in fees in order to move forward with long-stalled arbitration over unpaid severance.
The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Elon Musk. In particular, Grok AI is expected to expand on X.
Elon Musk's AI company xAI has acquired his social media company X. The Grok developer will now have direct access to data shared by 600 million active X users.
Although X (Twitter) is back up for many people, as many as 8,000 are still reporting outages on Downdetector — but Elon Musk, the CEO of X, is yet to provide any further updates on the “massive cyberattack” the platform is currently under.