Elon Musk’s $33 Billion X-to-xAI Deal Sparks Internet Frenzy
Billionaire entrepreneur Elon Musk has once again made headlines with a business move that left the internet both amused and bewildered. In an unprecedented $33 billion all-stock deal, Musk has sold his social media company, X, to his artificial intelligence firm, xAI. The transaction, announced on Friday, values xAI at an estimated $80 billion and promises to integrate advanced AI capabilities into X’s existing platform. However, the internet has largely interpreted the move as Musk shifting money between his own accounts. The Deal: What Happened? Elon Musk, known for his unconventional business tactics, has restructured his corporate empire yet again. … Read more