Jason Abbruzzese

2 weeks ago | nbcnews.com | Rob Wile |Jason Abbruzzese

An unfounded claim that President Donald Trump was considering pausing the implementation of sizable tariffs briefly sent U.S. stocks skyrocketing on Monday, an indication of just how volatile the current economic situation has become. Just after 10:10 a.m., a headline flashed on several well-followed finance-focused accounts on X saying White House economic adviser Kevin Hassett had indicated  Trump was considering a 90-day pause — China excluded — on his sweeping tariffs plan.

3 weeks ago | telemundochicago.com | Jason Abbruzzese |Steve Kopack

Elon Musk dijo el viernes que su startup de inteligencia artificial, xAI, había adquirido su plataforma de redes sociales, X. Dijo que el acuerdo fue una transacción de acciones que valoró a X en $33,000 millones. "Los futuros de xAI y X están entrelazados. Hoy, oficialmente damos el paso de combinar los datos, los modelos, la computación, la distribución y el talento", escribió Musk en una publicación en X.

3 weeks ago | nbcnews.com | Jason Abbruzzese

Elon Musk said Friday that his AI startup, xAI, had acquired his social media platform, X. Musk said that the deal was an all-stock transaction that valued X at $33 billion. "xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent," Musk wrote. X recently raised $1 billion from investors, valuing it at $44 billion, according to Bloomberg. Musk took X (then Twitter) private in 2022 at nearly the same valuation.

3 weeks ago | aol.com | Jason Abbruzzese

Elon Musk at Tesla's design studio in Hawthorne, Calif., on March 14, 2019. Elon Musk said Friday that his AI startup, xAI, had acquired his social media platform, X. Musk said that the deal was an all-stock transaction that valued X at $33 billion. "xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent," Musk wrote in a post on X.

3 weeks ago | flipboard.com | Jason Abbruzzese |Steve Kopack

1 hour ago Wisconsin takes legal action against Elon Musk over election cash offering Wisconsin Attorney General Josh Kaul (D) announced Friday the state is taking legal action against Elon Musk for the billionaire's offer in a … Now Elon Musk says he sold X to his AI company CNN — Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion, much less than he paid for it in 2022 but a...