<ul><li>Elon Musk's xAI has acquired social media platform X (formerly Twitter) in an all-stock transaction, valuing xAI at $80 billion and X at $33 billion.</li><li>The move aims to combine the data, models, compute, distribution, and talent of both companies.</li><li>The acquisition strengthens xAI's position in the AI landscape amidst Musk's legal battle with OpenAI, and X has been a significant data source for xAI's AI models.</li><li>The deal coincides with OpenAI finalizing a $40 billion funding round and Musk's increased political involvement introducing additional complexity to the acquisition.</li></ul>

Musk’s xAI buys social media platform X

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