Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion.
Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including debt.
Almost three years to the day after the slap heard around the world went down, Will Smith is attempting the most improbable of comebacks by going back to his roots in music with “Based on a True Story,” his first album since 2005.
The deal with Skadden, Arps, Slate, Meagher & Flom was announced just hours after two other law firms, Jenner & Block and WilmerHale, sued in federal court over executive orders that threatened the suspension of their attorneys’ security clearances and their access to federal buildings.
The staff of U.S.A.I.D. will be reduced to some 15 legally required positions. The agency employed about 10,000 people before the Trump administration entered office.