World News@lemmy.worldEnglish • 3 months ago

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

cross-posted to:
technology@lemmy.world

467

Elon Musk sells X to his own xAI for $33 billion in all-stock deal

apnews.com

@Redditsux@lemmy.world to

World News@lemmy.worldEnglish • 3 months ago

cross-posted to:
technology@lemmy.world

Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.

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bitwolf
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fedilink
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53•3 months ago
So hell get taxed for exchange of speculative assets right?.. Right?!
- @OsrsNeedsF2P@lemmy.ml
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  48•3 months ago
  No because it’s a loss, so he’ll actually get 10bln in tax credit

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