World News@lemmy.worldEnglish · 1 year ago

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

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Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

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World News@lemmy.worldEnglish · 1 year ago

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

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1 year ago
Musk’s slight of hand shell game to keep from losing his shirt if his Tesla stock keeps dropping and his X financiers come looking for money.

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