Elon Musk merges xAI with X to distract from Twitter debt disaster and Donald Trump backlash

Elon Musk just announced a wild move that might be less about innovation and more about survival. In a surprise announcement, Musk revealed that his AI company xAI has officially merged with X (formerly known as Twitter) in an all-stock transaction. The Tesla CEO says the deal values xAI at $80 billion and X at $33 billion after subtracting a massive $12 billion in debt. But when you peel back the layers, it starts to look like Musk is scrambling to fix a money pit while trying to dodge growing backlash over his cozy ties to Donald Trump. Let’s get… [Continue Reading]