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Elon Musk says xAI has acquired X in deal that values social media site at $33 billion [MSNBC.com]

Tesla, Inc. (TSLA) More Company Research Source: MSNBC.com

Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report

US:NASDAQ Investor Relations: ir.tesla.com

Elon Musk"x and X's futures are intertwined," Musk, the world's richest person,wroteHe added that the merger of the two privately held companies would, "unlock immense potential by blending x's advanced capability and expertise with X's massive reach."TheTeslaMusk launched x less than two years ago with a stated goal to "understand the true nature of the universe." The startup has been trying to compete directly with Open, the richly valued startup that Musk co-founded in 2015 as a non-profit research lab. He later left Open and has recently been involved in a public relations and legal spat with the company and CEO Sam Altman over the direction that it's taken.At x, Musk's team has been developing large language models and software products, taking on offerings from Open as well asGoogleMicrosoftMetaIn June, x announced it would build a supercomputer in Memphis, Tennessee, to train Grok. And in September, MuskrevealedInvestors valued x at around $50 billion in a financing round la [Read more]

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