Elon Musk's AI startup, xAI, has acquired his social media platform X, formerly known as Twitter, in an all-stock deal.

Elon Musk said President Donald Trump's tariffs would have a "significant" impact on Tesla, while the UAW said it would help end the "race to the bottom."

Elon Musk has sold X, formerly Twitter, to his artificial intelligence startup xAI in an all-stock transaction that has drawn criticism.

Discover how Elon Musk's $80 billion transformation of X will reshape social media and AI interactions for users and the tech industry.- Watch Video on English Oneindia

Friday message on his social media network X, the Tesla CEO said his artificial intelligence company, xAI, had acquired X in an all-stock transaction.

As promised, Elon Musk handed out two million-dollar checks at a Town Hall in Wisconsin in support of Judge Brad Schimel. Just moments before the rally's start time, a judge blocked the lawsuit that would have stopped him from giving the gifts.

"This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach,” Musk wrote on X.

Hundreds of “Tesla Takedown” protests took place across the U.S., Canada, and Europe on Saturday, including a handful in the Chicago area.