World News@lemmy.worldEnglish · 2 months 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

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World News@lemmy.worldEnglish · 2 months 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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2 months ago
He did it to escape Tesla stock. Because car companies are heavily cyclical.

He’s succeeding not failing, unfortunately.

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