Elon Musk Gives X an AI Upgrade in Suspicious Multibillion-Dollar CA Transaction: 'This Smells Like Fraud'

Elon Musk merges his AI company xAI with the short news service X in a billion-dollar transaction. The Trump consultant apparently wants to push ahead with his AI plans.

Elon Musk, the CEO of X (formerly Twitter), has handed over the keys to the social network to Elon Musk, the CEO of xAI. This weekend's surprise announcement boosts X's value, and more importantly, the deal gives xAI unparalleled access to the social network's content to train its models.

Elon Musk merges x and xAI in $80bn deal to reshape AI and social media

Elon Musk has announced an $80 billion merger of his artificial intelligence venture xAI with social media platform X, formerly Twitter, in a move he claims will “unlock immense potential” by combining AI capabilities with real-time user interaction. The non-cash transaction values xAI at $80 billion and X at $33 billion — or $45 billion when including $12 billion in debt. That figure marks a slight increase over the $44 billion Musk paid to tak…

Elon Musk Gives X an AI Upgrade in Suspicious Multibillion-Dollar CA Transaction: 'This Smells Like Fraud'

Elon Musk‘s social media platform X, formerly Twitter changes hands for the second time in three years as billionaire sells X to his startup xAI. The Tesla CEO bought his social media platform in October 2022 at $44 billion, gaining control of the world’s most influential social media platform. This transition was met with resistance at the time, with various staff quitting the platform or getting laid off, while a handful of celebrities deactiv…

Musk Sells X to xAI for $80B, Critics Cry “Data Grab” as DOGE Team Gains SEC Access

Key Takeaways: • Elon Musk has sold X (formerly Twitter) to his AI company xAI in an all-stock deal, valuing X at $33B and xAI at a head-spinning $80B. • The deal lands on the same day Musk’s legal defense faltered in a class-action case over his Twitter acquisition, escalating legal and regulatory scrutiny. Paradisers! Is this a visionary fusion of AI and media, or a high-tech sleight of hand? On March 28, Elon Musk sold X (née Twitter) to his …

Musk’s $33B xAI-X Deal Promises New AI-Social Media Era

March 29, 2025: Elon Musk’s latest move—xAI’s acquisition of X, his social networking platform—marks a pivotal moment in the tech industry. Valued at $33 billion, this strategic all-stock deal combines Musk’s AI ambitions with X’s massive user base of over 600 million people. The deal is set to reshape both artificial intelligence and social media, positioning xAI as a powerful player in the digital space while dramatically shifting X’s future i…