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Elon Musk's xAI Acquires Social Media Platform X in $33 Billion Deal

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Elon Musk's xAI has acquired social media platform X in a $33 billion all-stock deal, combining AI development with user data.

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Elon Musk's artificial intelligence company, xAI, has acquired the social media platform X in a $33 billion all-stock deal. This strategic move aims to integrate AI development with real-time user data, potentially enhancing xAI's AI models like Grok. The combined entity is now valued at $113 billion, marking a significant expansion in Musk's AI ventures.

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