“Elon Musk said on Friday (Saturday AEDT) that his #xAI has acquired X, the social media app formerly known as #Twitter, in an all-stock transaction for $US45 billion ($71.5 billion), including debt.

xAI and X’s futures are intertwined. Today, we officially take the step to combine the #data, #models, #compute, #distribution and #talent,” #Musk said in a post on X, adding that the combined company would be valued at $US80 billion.”

#business / #acquisitions / #CreativeAccounting <https://archive.md/in6TN> / <https://www.afr.com/technology/musk-s-xai-buys-social-media-platform-x-for-71-5b-20250329-p5lnh9> (paywall)

If you’re having any concerns about the excessive energy uses of #AI, don’t worry - companies are working tirelessly to bring those numbers down and are not shying away from doing whatever it takes to make them look good. Heroic, really.
#SavetheAI #Google #Meta #Apple #Microsoft #LLMs #creativeAccounting #greenwashing

https://www.theguardian.com/technology/2024/sep/15/data-center-gas-emissions-tech