Elon Musk sells X to his own xAI for £25.5bn in all-stock deal

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33bn (£25.5bn) all-stock deal, the billionaire announced. Both companies are privately held, which means they are not required to disclose their finances to the public. Mr Musk said in a post on X that the move will “unlock immense potential by blending [...]