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Elon Musk Sells Social Media Company X to AI Firm xAI for $45 Billion
Elon Musk has sold his social media company X to xAI, his artificial intelligence company, in a deal valued at $45 billion.
Elon Musk announced on Friday evening that he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal worth $45 billion. The sale price is slightly more than what Musk paid for X in 2022. As part of the agreement, xAI will acquire X's entire assets and operations. The terms of the deal have not been disclosed further.
Brief written with AI from reporting by CNN. All rights to the original story belong to the publisher.
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