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Elon Musk merges xAI with X to distract from Twitter debt disaster and Donald Trump backlash
Saturday March 29, 2025. 12:51 AM , from BetaNews
Elon Musk just announced a wild move that might be less about innovation and more about survival. In a surprise announcement, Musk revealed that his AI company xAI has officially merged with X (formerly known as Twitter) in an all-stock transaction. The Tesla CEO says the deal values xAI at $80 billion and X at $33 billion after subtracting a massive $12 billion in debt. But when you peel back the layers, it starts to look like Musk is scrambling to fix a money pit while trying to dodge growing backlash over his cozy ties to Donald Trump. Let’s get… [Continue Reading]
https://betanews.com/2025/03/28/elon-musk-xai-x-merger-twitter-trump-backlash-debt/
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