Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter.
In an X post Friday, Musk said the all-stock transaction values xAI at $80 billion and X at $33 billion.
Musk paid $44 billion for Twitter in 2022.
"xAI and X's futures are intertwined," Musk wrote on X Friday. "Today, we officially take the step to combine the data, models, compute, distribution and talent."