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OpenAI Mulls Social Network to Rival X and Instagram

OpenAI Mulls Social Network to Rival X and Instagram

Apr 15, 2025
CNBC

Riding the wave of its groundbreaking image-generation technology, OpenAI is reportedly weighing the creation of a social network to rival Elon Musk's X and Meta's Instagram, marking a potential new frontier in the intensifying AI competition and legal battles between tech titans.

Social Media Image & Video Business
Musk's xAI Acquires Twitter in $113 Billion Mega-Merger

Musk's xAI Acquires Twitter in $113 Billion Mega-Merger

Mar 28, 2025
CNBC

In a blockbuster $113 billion deal, Elon Musk's AI firm xAI has acquired the social media giant X (formerly Twitter), valuing xAI at $80 billion and X at $33 billion, with Musk claiming the merger will 'unlock immense potential' by fusing AI with X's global reach.

Business Social Media Funding
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