Specifics of deal remain unclear, including how X’s leaders will be integrated into new company

Elon Musk’s xAI artificial intelligence firm has acquired Musk’s X – the social media platform formerly known as Twitter – for $33bn, marking the latest twist in the billionaire’s rapid consolidation of power.

The all-stock deal announced on Friday combines two of Musk’s multiple portfolio companies, which also include automaker Tesla and SpaceX, and potentially eases Musk’s ability to train his AI model known as Grok.

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