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Todd Spangler NY Digital Editor Wait — Elon Musk just sold X, the social network formerly known as Twitter, to himself? Well, kind of. Musk, in a post on X Friday, said that his artificial-intelligence company, xAI, has acquired X in an all-stock transaction that values X at $33 billion ($45 billion minus $12 billion in debt). The deal gives xAI a valuation of $80 billion, Musk claimed.

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Elon Musk Says Reports He Will Donate $45M A Month To Pro-Trump Super-PAC Are “Fake Gnus”

Elon Musk appears to have denied a report that he will donate around $45M a month to a pro-Donald Trump super-PAC — calling it “fake gnus”.

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Microsoft Hires Sam Altman After OpenAI Fired Him as CEO, OpenAI Taps Ex-Twitch Chief Emmett Shear

Todd Spangler NY Digital Editor After a flurry of weekend negotiations, Microsoft said it hired Sam Altman — just two days after the board of OpenAI ousted him as CEO — while OpenAI recruited Emmett Shear, most recently chief executive of livestreaming platform Twitch, to step in as interim CEO. Altman will lead a new artificial-intelligence research team at Microsoft, alongside former OpenAI president Greg Brockman (who had quit after Altman was fired on Nov. 17), Microsoft CEO Satya Nadella announced in a post Sunday night.

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Sam Bankman-Fried Found Guilty of Fraud, Conspiracy Charges

Todd Spangler NY Digital Editor A federal jury convicted Sam Bankman-Fried, the former CEO of failed cryptocurrency company FTX, on seven counts of fraud and conspiracy. The charges carry a maximum prison term of 110 years, per the New York Times. The jury verdict Thursday came after a trial of a little over a month in federal court in New York City.

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Elon Musk Lines Up Additional $7.1 Billion for Twitter Takeover, Including $1 Billion From Larry Ellison

Todd Spangler NY Digital EditorElon Musk is getting a little help from billionaire friends for his $44 billion Twitter takeover.According to an SEC filing Thursday, Musk has secured $7.14 billion in new financing commitments for the Twitter bid, including $1 billion from Larry Ellison. Ellison, co-founder and CTO of software giant Oracle, also sits on the board of Tesla, which Musk heads as CEO.In addition, Prince al-Waleed bin Talal of Saudi Arabia committed to retain the equity he owns in Twitter — his 35 million shares are worth $1.9 billion at Musk’s buyout offer — instead of receiving a cash payout, per the filing.Musk “will continue to have… discussions with certain existing holders” of Twitter stock, including ex-CEO Jack Dorsey, to contribute their shares toward his bid, according to the filing.

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What’s Happening in city Sequoia

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