@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). 

Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at

Elon Musk

Elon is all in on AI

https://x.com/elonmusk/status/1905731750275510312?s=46&t=Tu8sNKds0vw9iAefWnoKsw

building @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com