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 ...

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

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.

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

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 ...

Gene Munster, a managing partner at Deepwater Asset Management and an investor in both companies, wrote on X that the deal “makes a lot of sense” by giving xAI an in-house proprietary data set ...

He noted his companies are the second-largest investors in X and xAI. "After this deal, the value of our investments is expected to reach between $4-$5 billion [...] and the meter is running," he ...

with $13 billion in debt financing): “‘Congratulations,’ xAi ‘investors’!” he wrote. “You just bailed out one of the most egregiously overpriced transactions in history!” ...

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 ...

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 ...