Business

Elon Musk Engages xAI Investors in Strategic Talks Following Social Media Merger

Strategic Discussions Unveiled

In a pivotal move, Elon Musk, the visionary CEO behind Tesla Inc., SpaceX Corp., and X.AI Corp. (xAI), reportedly held a significant conversation with investors of xAI last Wednesday. This development, as brought to light by CNBC on Monday, marks a crucial phase in the company's trajectory.

Post-Merger Dynamics

The dialogue comes hot on the heels of the merger between the social network X, formerly known as Twitter, and xAI. This merger is a testament to the evolving landscape of social media and artificial intelligence integration. Prior to this, X was in the spotlight for securing nearly $1 billion in new equity funding, underscoring the platform's growing influence and financial health.

Clarifying the Rumors

Amidst these advancements, rumors swirled around Musk's alleged departure from the Department of Government Efficiency (DOGE). Both Musk and the White House have categorically denied these claims, labeling them as unfounded and misleading. This clarification adds another layer to the ongoing narrative surrounding Musk's multifaceted engagements.