Elon Musk says xAI acquired X

Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal, he announced in a post on X Friday. “xAI has acquired X in an all-stock transaction,” Musk said. “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk…

By Kyle Wiggers Wed, 02 Apr 2025 19:19:02 +0000 As it prepares to transition from a nonprofit corporation to a for-profit, OpenAI says it’s convening a group of experts to “help OpenAI’s philanthropy understand the most urgent and intractable problems nonprofits face today.” This group, which OpenAI says will incorporate feedback from “leaders and communities”…

An excerpt from the upcoming book “The Optimist: Sam Altman, OpenAI, and the Race to Invent the Future” offers new details about why OpenAI’s board briefly fired CEO Sam Altman back in 2023. Written by Wall Street Journal reporter Keach Hagey, the book claims the nonprofit’s board members became increasingly concerned after learning about issues…

Elon Musk’s AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal, he announced in a post on X Friday. “xAI has acquired X in an all-stock transaction,” Musk said. “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk…

By Kyle Wiggers Fri, 04 Apr 2025 04:59:47 +0000 Midjourney, one of the earliest AI image-generating services on the web, has released its first new AI image model in nearly a year. Dubbed V7, the model, which began rolling out in alpha around midnight Eastern on Thursday, comes a week after OpenAI debuted a new…