Elon Musk sells X to his AI firm

Elon Musk has sold X (formerly Twitter) to his artificial intelligence company, xAI, in a deal that values the social media platform at $33 billion.

He disclosed this in a post on X on Saturday.

With the deal, Mr Musk has officially merged X, the platform he acquired in 2022, with his artificial intelligence company to form a single entity.

The merger will allow xAI to use X’s real-time data to improve its AI models.

X, in return, will benefit from more advanced AI features to…