Elon Musk confirms takeover of X by his AI company
The world’s richest man, Elon Musk, said on Monday he has sold his social media platform, X, to xAI, his artificial intelligence company, in an all-stock transaction. xAI will pay $45 billion for X, slightly more than Musk paid for the microblogging platform in 2022. The new deal includes $12 billion of debt in a…
