When Elon Musk announced that his AI startup, xAI, had acquired his social media company, X (formerly known as Twitter), in an all-stock deal, it raised some eyebrows. But in many ways, the deal made sense. xAI’s chatbot, Grok, was already deeply integrated with X, X was floundering financially, and Musk needed a way to make his $44 billion Twitter acquisition look less like an impulsive takeover and more like a strategic play for AGI dominance. Just look at Tesla. The electric vehicle maker has been treated like a tech stock for years despite the fact that it has automaker margins, based largely on the belief that Tesla will one day unlock groundbreaking autonomy in the form of self-driving cars and humanoid robots. Is the Merger a good deal ?
