World News@lemmy.worldEnglish · 21 days ago

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

apnews.com

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

apnews.com

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World News@lemmy.worldEnglish · 21 days ago

cross-posted to:
[email protected]

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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athairmor@lemmy.world
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21 days ago
Subscriptions and licensing, supposedly.

$12B is just how much money investors put into it. The company’s valuation is $80B. Which is insane.

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