Elon Musk combines AI firm and X in a $52B deal, consolidating his power
Source: ABC News
The all-stock deal combines two of Mr Musk's multiple portfolio companies and potentially eases Musk's ability to train his AI model known as Grok.
Elon Musk's artificial intelligence firm xAI has acquired his X, formerly known as Twitter, for around $52.3 billion, marking the latest twist in the billionaire's rapid consolidation of power.
The all-stock deal combines two of Mr Musk's portfolio o… [3597 chars]