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NEW: Elon Musk’s artificial intelligence firm xAI has acquired his social media platform X in an all-stock transaction that values the company at $33 billion, including $12 billion worth of debt, the centibillionaire announced Friday.

wired.comElon Musk’s xAI Acquires X, Because of CourseSocial platform X struggled after Elon Musk took over, but its fortunes improved dramatically after US President Donald Trump won reelection. Now it will be become part of Musk's AI startup xAI.

For the first time in the 16 years, I’ve been on Twitter my account got hacked. My other account has gotten so many spam followers in the last two or three months. I was only staying on there to say my name, but that’s it for me.

Sought $6 billion in funding in 12/2024 for XAI, $100 million in annual revenue but 3 months later buying X with stock from XAI for $33 billion? When is XAI declaring bankruptcy?

It’s so he can’t use the Gov’t subsidies earmarked for the AI that I’m sure he’ll get and use it whatever way he sees fit- aka jack up the stock prices!! It’s a never ending do-loop of grifting!

He's consolidating his shit investments, distressed assets. Solarcity went into Tesla, now X goes into xAI. Bet he plans to refloat it all under XARP, the asset recovery program administered and backed by the full faith and credit of US DOGE