Elon Musk’s Social Media Firm X Bought by His AI Company, Valued at $33 Billion

Elon Musk’s xAI has acquired X in a deal that values the social media platform at $33 billion (roughly Rs. 2,82,447 crore). Much of the deal’s specifics remain unclear, such as how X’s leaders would be integrated in the new firm or whether there would be regulatory scrutiny.