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Elon Musk’s xAI buys social media platform X for US$33 billion

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Elon Musk’s xAI buys social media platform X for US$33 billion - SCMP

Quick Summary:

The tech billionaire plans to combine the data, models, compute, distribution and talent’ from the app and start-up.

Some of the deal’s specifics were not yet clear, such as whether investors approved the transaction or how investors may be compensated.

Neither X nor xAI spokespersons immediately responded to a request for comment.

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Elon Musk’s xAI buys social media platform X for US$33 billion - SCMP (Picture 1)

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Article Details

Author / Journalist: Reuters

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 06:26:26 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 190 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27391602

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About SCMP

SCMP Logo

Main Topics: Technology

Official Website: scmp.com

Update Frequency: 9 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 41 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #41

Publisher Details

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The story "Elon Musk’s xAI buys social media platform X for US$33 billion" has 190 words across 6 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Elon Musk’s xAI buys social media platform X for US$33 billion" was covered 2 days ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly technology news.

The outlet is headquartered in Hong Kong and publishes an average of 9 news stories per day.

It's most recent story was published 41 minutes ago.

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  • News ID: #27391602
  • URL: https://beamstart.com/news/elon-musks-xai-buys-social-17432057348643

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