The Ghibli craze has gone viral, fueled by ChatGPT's update to GPT-4o, causing a surge in users generating images in the style of Studio Ghibli. OpenA

Elon Musk on Friday evening announced he has sold his social media company, X, to xAI, his artificial intelligence company, in a deal that values X at $33 billion, much less than he paid for it in 2022 but a significant rebound from its moribund valuation just a few months ago.

From the ever-rising value of OpenAI, to why Elon Musk bought one of his own companies, we round up the week's big stories from the AI revolution. Trevor Koroll reports. Why is Musk pouring millions into a Wisconsin court race?

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

The start-up’s valuation, which has nearly doubled in six months, shows continued enthusiasm for A.I. among investors.

The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.

Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values the artificial intelligence company at $80 billion and the social media company at $33 billion.

Elon Musk has consistently branded his chatbot Grok as “truthful” and less biased than OpenAI’s ChatGPT. But it still disagrees with some of his political claims.

U.S. District Judge Yvonne Gonzalez Rogers denied Musk’s request for a preliminary injunction to halt OpenAI’s transition to a for-profit entity. She stated on March 4 that Musk did not meet the required burden of proof for such an injunction.

After this round, OpenAI is worth more than most private giants, including Chevron ($294bn), Salesforce ($257bn), McDonald's ($223bn), Pepsico ($205bn) and Samsung($263bn).