Musk said the merger will 'unlock immense potential by blending xAI's advanced AI capability with X's massive reach.'

The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much he stands to make from the highly unusual deal.

In a significant development in the tech industry, xAI, a privately held artificial intelligence company, has acquired the social media platform X, previously known as Twitter. X Telegram acquires X in all-stock transaction.