Elon Musk has made a sensational decision by selling the social media platform 'X' to his own artificial intelligence company, xAI, for $33 billion in an all-stock deal. He has valued xAI at $80 billion and stated that integrating advanced AI capabilities into 'X' will yield the best results.
Musk is currently serving as an advisor to former US President Donald Trump while also being the CEO of Tesla and SpaceX. In 2022, he acquired Twitter for $44 billion, later rebranding it as 'X' after laying off employees. This move also sparked controversy over hate speech.A year after the acquisition, Musk launched xAI, and now, as part of his future strategy, he has decided to merge 'X' with xAI. He stated that this decision was made to achieve greater innovation and success.