The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how ...

Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform ...

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 ...

Musk’s decision to merge the businesses is a win for X investors, who have endured more than two years of uncertainty since ...

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

Musk bought Twitter Inc. in 2022 for about $44 billion and renamed it to X shortly thereafter. He launched xAI the following ...

Elon Musk’s artificial intelligence company, xAI, has purchased the social networking platform X (formerly Twitter), which ...

Elon Musk made a shock announcement Friday that his artificial intelligence venture xAI has acquired his X social media ...

The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Elon Musk. In particular, Grok AI is expected to expand on X.

Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal.

The tech titan can follow his own rules when he is combining two companies he owns, but the merger is still raising dealmaker ...

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