Elon Musk sold X... to himself

Elon Musk sold X, aka Twitter, to one of his companies, xAI, his artificial intelligence company.

This transaction might be a bit odd but it is more than just symbolic.

There are two reasons behind this, and both benefit xAI more than it does X.

First, after this transaction, xAI is now worth $80 billion, around 33 of which are from X.

Second, Elon Musk wants to use X data and content to improve xAI's AI assistant, Grok, which is already available on X.

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