Elon Musk announced on Friday that he has sold X, the social media company he acquired in 2022, to xAI, the artificial intelligence start-up he founded. The deal, valued at $80 billion for xAI and $30 billion for X, represents a significant loss for Musk, who had initially bought X for $44 billion. The arrangement may prompt conflict-of-interest questions given the intertwined futures of both companies, as they share resources and models. Musk emphasized that the merger aims to deliver smarter experiences while pursuing their mission of knowledge advancement.
Elon Musk's recent sale of X to his AI start-up xAI creates an unusual relationship that may pose conflict-of-interest concerns, valuing xAI at $80 billion.
The integration of X and xAI will combine their strengths, promising to enhance user experiences while adhering to their mission of truth and knowledge advancement.
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