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 ...

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 ...

Mr. Gibson joins PacBio from Sequoia, a strategic compensation and benefits solutions provider, where he served as CFO across four entities. Prior to Sequoia, Mr. Gibson was CFO at Willow Innovations, ...

The ultra-wealthy are already betting on smart people to deploy their capital,” Dub founder Steve Wang explains. “We’re ...

Fintech banking startup Mercury says it has more than doubled its valuation to $3.5 billion after raising $300 million in its latest funding round. A portion of the funding raised will go toward a ...

Stripe is putting up the kind of numbers that would send its stock soaring, if it had public stock. The payments processing ...

Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money ...