Musk’s social media firm X bought by his AI company, valued at $33bn

Elon Musk’s xAI acquired X in a deal that valued the social media platform at $33 billion and allowed the value of his artificial intelligence firm to be shared with his co-investors in the company formerly known as Twitter.

The deal could also help xAI’s ability to train its chatbot known as Grok.

“xAI and X’s futures are intertwined,” Musk, who also heads automaker Tesla and SpaceX, wrote in a post on X: “Today, we officially take the step to combine the data, models, compute,...