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Elon Muskhas officially announced the sale of X in an “all-stock transaction” but not to a competitor.
Instead, the website formally known as Twitter has been acquired by Musks very own AI venture, xAI.
A $33 billion sale, this move combines two of the largest companies in Musks growing portfolio.
Musk originally bought Twitter in 2022 for a total of $44 billion.
xAI and Xs futures are intertwined.
This combination will unlock immense potential by blending xAIs advanced AI capability and expertise with Xs massive reach.
@xAI has acquired @X in an all-stock transaction.
xAI was founded in 2023.
In the rush against the likes ofOpenAIandGoogleto advanceartificial intelligence, xAI has very much the same aim.
Grok is similar toChatGPT,Gemini, orClaude.
It has image-generation abilities, can discuss trending topics, code websites, and think deeply about topics.
