Elon Musk Says He Has Sold X to His A.I. Start-Up xAI

The deal combined two of Mr. Musk’s companies, which have been on different trajectories. The transaction valued xAI at $80 billion and X at $33 billion, the billionaire said. Social Media, Mergers, Acquisitions and Divestitures, E-Commerce, Artificial Intelligence, X.ai Inc, X (Formerly Twitter), Musk, Elon The deal combined two of Mr. Musk’s companies, which have been on different trajectories. The transaction valued xAI at $80 billion and X at $33 billion, the billionaire said. NYT > Business