SAN FRANCISCO, March 28 (Xinhua) -- Elon Musk said on Friday that his startup xAI has merged with his social media platform X in an all-stock transaction.
"xAI has acquired X in an all-stock transaction," Musk said, adding that the combination values xAI at 80 billion U.S. dollars and X at 33 billion dollars (45 billion dollars less 12 billion debt).
