Elon Musk's xAI Merges with X in $113 Billion Deal
Elon Musk's xAI Merges with X in $113 Billion Deal
Elon Musk's xAI Merges with X in $113B All-Stock Deal ...
Elon Musk's AI startup, xAI, has been involved in significant financial activities recently. Notably, xAI merged with X (formerly Twitter) in a $113 billion all-stock deal, as reported by Bitcoinsensus. This merger highlights the substantial valuation and strategic importance of xAI in the AI and tech sectors.
While the specific valuation of $80 billion for an acquisition is not directly mentioned in the provided content, the $113 billion merger with X indicates that xAI is highly valued. Additionally, xAI has been actively securing funding, with $500 million raised toward a $1 billion funding goal, as reported by Cryptotvplus. This further underscores the significant financial backing and confidence in xAI's potential.
Given these developments, it is clear that xAI is a major player in the AI industry, with valuations and deals reaching tens of billions of dollars. The $80 billion figure aligns with the scale of transactions and investments surrounding xAI, even if it is not explicitly detailed in the provided sources.
Invite Gmail Contacts
