New Delhi, March 29 -- In a shock move, Elon Musk on Friday sold his social media platform X to his own xAI artificial intelligence company in a $33 billion all-stock deal.While making the announcement, Musk further said that the deal included $12 billion of debt - which raises the overall valuation for X to $45 billion.

"The combination values xAI at $80 billion and X at $33 billion," Musk revealed in a statement posted on X - formerly known as Twitter.

Making the announcement on an X post, he said "xAI and X's futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI's advanced AI capability and expertise wit...