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Elon Musk Sells X, Formerly Twitter, for $33 Billion to His AI Startup

  Originally appeared on E! Online A little bird told us more changes are afoot for the company formerly known as Twitter. Elon Musk —who bought Twitter in 2022 and changed the social media platform’s name to X the following year—revealed that his artificial intelligence startup xAI has acquired the brand in a lucrative, all-stock deal. “The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk wrote in a March 28 post to X . “Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.” He continued, “X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.” More than one year after Grok—an AI-powered chatbot created by xAI that’...

Twitter Says It Shuttered 377,000 Accounts That Promote Terrorism In Six Months

In the ongoing battle to purge Twitter of content promoting terrorism, the social media company has closed hundreds of thousands of accounts in recent months. In its latest transparency report covering the period from July 1, 2016 through December 31, 2016, Twitter said it shuttered a total of 376,890 accounts “for violations related to promotion of terrorism,” bringing the total number of closures for terror-related content to a colossal 636,248 accounts from August 1, 2015 through December 31, 2016. Faced with such a massive task, Twitter has had to develop proprietary tools designed to automatically identify accounts to take down. The software, which is supported by a team of human investigators, accounted for 74 percent of the most recent batch of reported account closures, the company said. Twitter, like Facebook and other online giants, has been accused in the past of not doing enough to combat extremist activity on its service. Criticism over the last few years prompted the com...

Twitter Planning on Adding an Edit Button Soon

Could Twitter be finally adding an edit button? In new tweets from CEO Jack Dorsey, the answer may actually be yes. After asking users for what they would want to see Twitter add or improve on it 2017 (borrowing the idea from Airbnb CEO Brian Chesky), the co-founder of the popular social network was inundated with requests to allow people to edit their tweets. And judging by his response, the function may be on the way.