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xAI was founded by Musk [11] [12] [13] in Nevada [4] on March 9, 2023, and has since been headquartered in the San Francisco Bay Area in California. [14] Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. [15] Musk officially announced the formation of xAI on July 12, 2023.
Elon Musk is an authorized biography of American business magnate and SpaceX/Tesla CEO Elon Musk.The book was written by Walter Isaacson, a former executive at CNN, TIME and the Aspen Institute who had previously written best-selling biographies of Benjamin Franklin, Albert Einstein, Steve Jobs and Leonardo da Vinci.
Elon Musk started buying Twitter shares in January 2022. NurPhoto A judge ordered X Holdings to unseal its list of shareholders, which revealed notable investors.
The service is owned by the American company X Corp., which was established to succeed the prior owner Twitter, Inc. in March 2023 following the October 2022 acquisition of Twitter by Elon Musk for US$44 billion. Musk stated that his goal with the acquisition was to promote free speech on the platform.
Elon Musk's Twitter acquisition ended up being the worst financing deal for banks since 2008, the WSJ said. The $13 billion in loans Musk took out have been stuck on banks' balance sheets.
Elon Musk's letter to terminate the purchase of Twitter on July 8, 2022, was addressed to Gadde, as Twitter’s Chief Legal Officer. [24] [25] She was fired for cause after completion of the acquisition of Twitter by Elon Musk on October 27, 2022, [6] [26] alongside at least three other Twitter executives, including the CEO. [7]
Even before the 2018 pay package was invalidated by the Delaware court, Musk threatened shareholders about his divided attention, as he is in charge or spends significant amounts of time at SpaceX ...
[66] [67] On July 12, Twitter opened a lawsuit against Musk to force the sale to proceed. [68] On September 13, 2022, Twitter shareholders voted to approve Elon Musk's takeover of the company. [69] On October 4, 2022, it was reported that Musk offered to proceed with the deal at the original offer price of $54.20 per share.