Elon Musk says xAI has acquired X

👋 Good morning/evening (wherever you are). It’s Friday.

X, the social platform formerly known as Twitter, has been sold.

Elon Musk said Friday that xAI, his artificial intelligence company, had acquired X in an all-stock transaction that values xAI at $80 billion and X at $33 billion ($45 billion, his original take-private price, minus $12 billion in debt).

That’s $1 billion more than the take-private price of $44 billion in 2022.

OK let’s keep going ↓

Here’s what you should know:

• Perplexity is getting one of Android's coolest AI features

  The Circle to Search-style feature works just like the official Google version, but keeps you in the Perplexity app.

• Google Maps' new AI feature

  Turn your screenshots into travel plans.

• Archetype AI introduces “Lenses”

  A new category of AI applications built on Newton™ that continuously convert raw data into insights tailored to specific use cases.

• PwC launches AI Agent Operating System for enterprises

  Designed for enterprise organizations to streamline next-generation AI workflows and orchestrate complex, multi-agent business processes at scale.

• Lockheed Martin and Google Cloud collaborate

  This collaboration will enhance Lockheed Martin's ability to train, deploy, and sustain high-performance AI models, accelerating AI-driven capabilities in critical national security, aerospace, and scientific applications.

The numbers:

• Butterfly Effect, the startup behind Manus, seeks $500M valuation

• MemryX, the maker of AI solutions for the edge, raised a $44M Series B led by HarbourVest, M Ventures, and others

• Nanoprecise, an AI energy centered predictive maintenance solution company, raised a $38M Series C led by Yaletown Partners and BDC’s Industrial Innovation Venture Fund

• CADDi, an AI data platform for manufacturing companies, raised a $38M Series C extension led by Atomico

• Straiker, an AI security firm, raised a $21M round led by Lightspeed Ventures and Bain Capital Ventures

• Yutori, an AI assistant startup, raised a $15M seed round led by Radical Ventures

AI infrastructure giant CoreWeave reduced its IPO target from $4B to $1.5B…

According to reports, Apple is about to spend $1 billion on NVIDIA servers for AI

Thought starters:

• Traffic to U.S. retail websites from Generative AI sources jumps 1,200 percent

• A breakthrough moment: Researchers discover new class of antibiotics

Meme of the day:

Thanks for reading,

Eddie

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