India, March 29 -- The ownership for social media platform X (formerly Twitter) has changed hands earlier today in an all-stock deal. Elon Musk is now not the owner of X, but instead, artificial intelligence startup xAI now owns X. xAI, for anyone who may have missed a fine detail, is owned by Elon Musk. It's not very difficult to wrap one's head around this unexpected development.

This deal values xAI at $80 billion and X at $33 billion (Musk clarifies this is a calculation of $45B and then reducing the $12B debt amount). X currently has 600 million active users. XAI was founded two years ago, and has quickly become one of the leading AI startup's in the world in this time - the latest Grok 3 generative AI evolution, proficient enough t...