Elon Musk sells X
Elon Musk sells X Elon Musk sells X FILE PHOTO ©Getty Images/Beata Zawrzel/NurPhoto Tech billionaire Elon Musk has announced that his artificial intelligence startup, xAI, has acquired the social media platform X, which he also controls. The acquisition was confirmed in a Friday post on X, where Musk stated, “@xAI has acquired @X in an all-stock transaction.” “ Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale, ” the tech mogul said. He described X as “the digital town square where more than 600M active users go to find the real-time source of ground truth.” In late 2022, Musk acquired Twitter, now known as X. Following his takeover, he implemented cost-cutting measures, including far-reaching staff cuts and the renegotiations of...