Rome, Mar 29 (LaPresse) – ‘X-AI has acquired X in an all-stock transaction. The combination values X-AI at $80 billion and X at $33 billion ($45 billion minus $12 billion in debt)’. Thus, right on X, Elon Musk announces the acquisition by X-AI, his artificial intelligence company, of social X. ‘Since its founding two years ago,’ Musk writes, ’X-AI has rapidly become one of the world's leading artificial intelligence labs, building models and data centres at an unprecedented speed and scale. X is the digital city square where more than 600 million active users go to find the real-time source of ground truth, and in the past two years, it has transformed into one of the most efficient companies in the world'.
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