Elon Musk has sold social media platform X to his xAI company in a $33 billion all-stock deal. The acquisition aims to merge xAI's AI expertise with X's vast reach. Musk values xAI at $80 billion and ...

Billionaire entrepreneur Elon Musk has announced the merger of his artificial intelligence startup, xAI, with his social media platform, X, ...

Both companies are privately held, which means they are not required to disclose their finances to the public.

Since both companies are privately held and under Musk’s control, the transaction likely involved a stock swap, compensating ...

Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of ...

Elon Musk’s artificial-intelligence start-up xAI has acquired X, the social-media platform he also owns, in an all-stock ...

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 ...

Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media ...

Fintech firm Mercury, which provides banking services to businesses, says it now has 200,000 customers after raising $300 ...