xAI

30 Mar

Elon Musk in $80billion merger in X and XAI

Rajeev Sharma0 CommentsWorld NewsElon Musk, X, xAI

National Times, March 30, 2025: Elon Musk has announced the sale of his social media platform, X (formerly known as Twitter), to his artificial intelligence company, xAI, in a $33 billion all-stock deal. Musk stated that this merger aims to combine xAI’s advanced AI capabilities with X’s extensive user base, enhancing user experiences and accelerating human progress. The transaction values xAI at $80 billion and X at $33 billion, with an additional $12 billion in debt, bringing X’s total valuation to $45 billion. Musk, who acquired Twitter for $44 billion in 2022 and rebranded it as X in 2023, highlighted…

11 Feb

Elon Musk Leads $97.4 Billion Bid to Acquire OpenAI, Sam Altman Mocks the Offer

nishuthapar10 CommentsWorld NewsAI investment, Elon Musk, OpenAI acquisition, Sam Altman, xAI

Washington DC, February 11, 2025: A consortium led by Tesla and SpaceX CEO Elon Musk has made a $97.4 billion bid to acquire OpenAI’s assets, according to The New York Times. The offer, backed by investors including Vy Capital, Musk’s AI company xAI, and Hollywood power broker Ari Emanuel, is seen as Musk’s latest attempt to gain control over the artificial intelligence giant.However, OpenAI CEO Sam Altman responded with a mocking rejection. Taking to X (formerly Twitter), Altman wrote:"No thank you, but we will buy Twitter for $9.74 billion if you want."The exchange underscores the deep rivalry between Musk and…