Nigeria, March 29 -- Elon Musk has sold X (formerly Twitter) to his artificial intelligence company, xAI, in a deal that values the social media platform at $33 billion.

He disclosed this in a post on X on Saturday.

With the deal, Mr Musk has officially merged X, the platform he acquired in 2022, with his artificial intelligence company to form a single entity.

The merger will allow xAI to use X's real-time data to improve its AI models.

X, in return, will benefit from more advanced AI features to enhance user experience.

In his post, Mr Musk said, "This combination will unlock immense potential by blending xAI's advanced AI capability and expertise with X's massive reach."

"The combined company will deliver smarter, more meaningful...