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Anonymous Coward
3/29/2025 6:38 pm GMT

Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

Elon Musk announced Friday that he sold social media site X in a $33 billion all-stock deal to his own AI startup company, xAI



The tech billionaire shared the news in a statement posted on X, writing, “xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent.”

“This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” Musk, 53, wrote in his announcement.

“The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge,” he added.

Musk said that the merger of X to xAI will “allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.”

https://globalnews.ca/news/11104574/elon-musk-sells-x-xai-33-billion/

Anonymous Coward
3/29/2025 7:43 pm GMT

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

Money laundering for ketamine heads 101.

Anonymous Coward
3/29/2025 10:44 pm GMT

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

Lost 11 billion on the sale even though it's his deal he made.

Also owes 13 billion on loans he took out to but Twitter.

Underwater to the tune of 24 billion. What a business genius, hey?

Also, his support of Trump and Nazi salutes means Tesla sales are down by a third in most markets (Cali, Europe and China) in just 3 months.
smiley

Anonymous Coward
3/29/2025 11:28 pm GMT

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

Tesla Model Y inventory is going fast, selling out in many U.S. states

Tesla Model Y inventory is apparently moving pretty quickly as the legacy version of the best-selling car in the world is now sold out in many U.S. states.

With the introduction of the new Tesla Model Y, the legacy version of the vehicle is now no longer being produced. The units that are available are the final ones that Tesla will produce as it is sunsetting the old look of the all-electric crossover.

As production has stopped on this specific version of the Model Y, Tesla is offering some great deals on the vehicle…that is, if it is still available for delivery in your area.

Since the new Model Y has started production and deliveries, 29 U.S. states have now sold out of the old vehicle’s look:

https://www.teslarati.com/tesla-model-y-inventory-going-fast-selling-out-in-many-u-s-states/

Published on 3/24/25

https://imgur.com/a/kqEARwv

katya
3/30/2025 2:03 am GMT

Avatar for katya

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

his support of Trump and Nazi salutes
Pocahontas still would not be proud of her as her representative. "Trump has no one close to him, say sources close to him." Shifty Schiff, Nine Inches Around the Neck - World’s Smallest Collar - Should be in Jail!

smiley

Anonymous Coward
3/30/2025 8:31 am GMT

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

Yep, that's right Kuntya, dipshit Elon doesn't get it that it's Libs who buy EV'S not Conservatives and Libs don't like Nazi scumbags.

That's why Tesla sales are down and Trump attempting to make it a terrorist attack to vandalize his buddy's cars ain't gonna help.

Anonymous Coward
3/30/2025 9:31 am GMT

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

Russia Russia Russia...now it Nazi Nazi Nazi


you guys are Insane Insane Insane...
smiley

katya
3/30/2025 8:10 pm GMT

Avatar for katya

RE: Elon Musk Sells X For $33 Billion To His Own AI Startup Company XAI

[img]https://i.ibb.co/xSyk88k8/2t-U1-Wvr-AIDFb.gif[/img]

Pocahontas still would not be proud of her as her representative. "Trump has no one close to him, say sources close to him." Shifty Schiff, Nine Inches Around the Neck - World’s Smallest Collar - Should be in Jail!