Elon Musk’s xAI has acquired social media platform X in an all-stock transaction.

The deal values xAI at US$80 billion and X at US$33 billion, which includes US$12 billion in debt.

This acquisition follows xAI’s rapid growth since its founding two years ago.

Both companies plan to combine resources such as data, computational power, and talent to improve user experiences and expand their global impact.

No additional details about operational changes or the leadership structure after the acquisition have been disclosed.

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