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

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

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 transferred ownership of X.com to xAI in a $33 billion deal as he ramps up AI operations at a massive Memphis ...

Musk had previously canvassed potential investors for an xAI funding round at a valuation of about $75 billion, Bloomberg News reported in February. xAI investors have included Sequoia Capital ...

Notably, xAI counts among its investors venture capital firms Andreessen Horowitz (a16z) and Sequoia Capital, which have established crypto-focused investment funds.

Now that it has a presence in the multibillion-dollar social media market, xAI might make the case to investors that it has more revenue growth opportunities than when it focused solely on AI.

Billionaire Elon Musk said his xAI artificial intelligence startup has acquired the X platform at a valuation of $33 billion, marking a surprise twist for the social network formerly known as Twitter.

When Musk granted X shareholders a stake in xAI, however, its valuation recovered. After the close of the deal, those X investors will now directly hold shares in xAI instead. Some X investors ...

They also share many of the same investors, and in some cases, employees even share office space in Palo Alto. The transaction valued xAI at $80 billion, Musk said — a jump from a valuation of ...

They also share many of the same investors, and in some cases, employees even share office space in Palo Alto. The transaction valued xAI at $80 billion, Musk said — a jump from a valuation of about ...

Musk, the world’s richest person, on March 28 used his artificial intelligence startup, xAI, to purchase his social media platform in an all-stock deal that values X at $33 billion, not including debt ...