Elon Musk's xAI Acquires X in a $33 Billion Deal
Elon Musk’s AI company, xAI, has acquired the social media platform X (formerly Twitter) in an all-stock deal valued at $33 billion. This merger aims to combine xAI’s advanced AI capabilities with X’s user base, potentially creating a powerhouse in the tech industry. However, concerns have been raised about the valuation and governance of the deal 📈🔍