On Saturday morning, Elon Musk, the wealthiest individual in the world, made a groundbreaking announcement: his artificial intelligence (AI) firm, xAI, had successfully acquired the X platform (formerly known as Twitter), which was purchased three years prior. This transaction, structured entirely in stock, values xAI at an impressive $80 billion and the X platform at $33 billion. Nonetheless, with the X platform carrying $12 billion in debt, the total expenditure for xAI in this deal amounts to $45 billion.
