Washington, March 29: Elon Musk has sold social media site X to his own xAI artificial intelligence company in a USD 33 billion all-stock deal, the billionaire announced on Friday. Both companies are privately held, which means they are not required to disclose their finances to the public.

Musk said in a post on X that the move will 슬롯사이트œunlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach.슬롯사이트� He said the deal values xAI at USD 80 billion and X at USD 33 billion. Musk, who serves as CEO of Tesla and SpaceX as well as an advisor to President Donald Trump, bought the site then called Twitter for $44 billion in 2022, gutted its staff and changed its policies on hate speech, misinformation and user verification and renamed it X. He launched xAI a year later. 슬롯사이트˜Turns Out FT Can슬롯사이트™t Do Finance슬롯사이트�: Elon Musk Mocks Financial Times Following Its Apology After Suggesting Tesla Had Shady Accounting With USD 1.4 Billion 슬롯사이트˜Missing슬롯사이트�.

슬롯사이트œxAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach,슬롯사이트� Musk wrote on X. 슬롯사이트œThe combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.슬롯사이트�

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