Elon Musk sells X to his own xAI
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Overview
A year after Musk’s takeover, X suffered from an advertiser exodus and a massive reduction in value, with its valuation dropping to $16.9 billion.
From Forbes
Elon Musk’s xAI is facing a potential trademark dispute over the name of its chatbot, Grok.
From Wired
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The Securities and Exchange Commission is continuing its $150 million lawsuit against Elon Musk that was brought during the Biden administration.
Elon Musk has officially announced the sale of X in an "all-stock transaction" — but not to a competitor. Instead, the website formally known as Twitter has been acquired by Musk’s very own AI venture, xAI.
Elon Musk accused the Securities and Exchange Commission (SEC) of launching a purely politically motivated probe into his Twitter purchase. In a letter from his lawyer, Alex Spiro, Musk alleged that the SEC gave him 48 hours to accept a settlement or face fraud charges.
Elon Musk's AI company xAI has acquired his social media company X. The Grok developer will now have direct access to data shared by 600 million active X users.
Mr. President! You talked about some of the violence that’s been going on at dealerships,” a reporter yelled to President Trump as he stood next to Elon Musk and a Tesla parked near the White House lawn earlier this month.
Elon Musk's favorability dropped 10 points from February to March in the latest Harvard/Harris poll. Newsweek reached out to Musk for comment via Tesla's press email. President Donald Trump assigned Musk to lead the Department of Government Efficiency (DOGE),
The billionaire is in position to speed up plans for a voyage to the planet, with a potentially huge impact on SpaceX.