World News@lemmy.worldEnglish · 8 days ago

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

cross-posted to:
technology@lemmy.world

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

Redditsux@lemmy.world to

World News@lemmy.worldEnglish · 8 days ago

cross-posted to:
technology@lemmy.world

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.

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7 days ago

The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt)

Lol, he actually think the value of Shitter is still $45B, as when he bought it. That’s cute.

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