Elon Musk sells X to his own xAI for $33 billion in all-stock deal
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.
Mar 29, 2025
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AI-driven corporate restructuring refers to organizational changes in technology and related firms prompted by the integration of artificial intelligence systems into products, services, and internal operations. Companies adjust workforce composition, reallocate resources toward AI-focused roles, and modify product portfolios, such as cloud platforms, connected devices, and productivity software. These shifts often involve mass layoffs, mergers, and partnerships around generative AI models, alongside changes in labor practices, environmental impacts, and business strategies in sectors like e-commerce, enterprise software, and consumer electronics.
Business
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.
Mar 29, 2025
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33
Business
"Stop Hiring Humans" read a provocative sign at an AI conference in Las Vegas, where the impact of new artificial intelligence models on the world of work had sparked some unease.
Mar 27, 2025
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Consumer & Gadgets
Amazon is ending a little-used privacy feature that let some users of its Echo smart speaker prevent their voice commands from going to the company's cloud.
Mar 20, 2025
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Business
German industrial giant Siemens said Tuesday it planned to cut over 6,000 jobs worldwide due to weak demand and increasing competition in China and in its home market.
Mar 18, 2025
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Business
US cloud software giant Salesforce said Wednesday it planned to invest $1.0 billion in Singapore over the next five years to boost the use of artificial intelligence agents (AI) in the workforce.
Mar 12, 2025
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