Elon Musk announced that xAI has acquired his social media platform X, previously known as Twitter, in an all-stock transaction. The deal values xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt. Musk emphasized that the futures of xAI and X are closely linked, highlighting plans to integrate data, models, and talent. This strategic move is expected to reshape the landscape of AI and social media. More updates on this developing story will follow.