What’s going on here? With the sale of X to xAI, Musk is exchanging the investor base of the social network with that of his AI company.

Elon Musk's xAI has acquired X (formerly Twitter) in a $45 billion all-stock deal, he said Friday. The acquisition follows Musk's previous $44 billion purchase of Twitter in 2022. Elon Musk said o ...

Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion, much less than he paid for it in ...