{"id":12463,"date":"2025-03-29T17:53:34","date_gmt":"2025-03-29T17:53:34","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/musks-xai-buys-x\/"},"modified":"2025-03-29T17:53:34","modified_gmt":"2025-03-29T17:53:34","slug":"musks-xai-buys-x","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/musks-xai-buys-x\/","title":{"rendered":"Musk’s xAI Buys X"},"content":{"rendered":"\n<\/p>\n
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We’re back with Week in Review, featuring the latest news and updates from the tech world. This week, Elon Musk announced that xAI has acquired X in an all-stock deal, while a16z-backed 11x faced allegations of fudging customer numbers. Additionally, Block laid off 8% of its staff, and the Lumon Terminal Pro made a surprise appearance on Apple’s website. Let’s dive into these stories and more.<\/p>\n

xAI Acquires X: <\/strong>Elon Musk took to X on Friday to announce that xAI has acquired X in an all-stock transaction<\/a>, valuing xAI at $80 billion and X at $33 billion. Musk stated, “Today, we officially take the step to combine the data, models, compute, distribution, and talent.” This move is expected to have significant implications for the tech industry.<\/p>\n

Questionable Customer Numbers: <\/strong>According to over 20 sources, including investors and current and former employees, a16z- and Benchmark-backed 11x has been exaggerating its customer base<\/a>, which has contributed to its financial struggles. A former employee revealed, “They absolutely massaged the numbers internally when it came to growth and churn.” This raises concerns about the company’s transparency and accountability.<\/p>\n

Block Layoffs: <\/strong>A leaked message from Block CEO Jack Dorsey revealed that the company, which owns Cash App and Square, is laying off 931 employees, or 8% of its staff<\/a>, as part of an “org restructuring.” Dorsey’s email emphasized that the layoffs are not due to financial reasons or an attempt to replace workers with AI.<\/p>\n

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This is TechCrunch’s Week in Review, where we summarize the biggest news of the week. To receive this newsletter in your inbox every Saturday, sign up here<\/a>.<\/em><\/p>\n

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News<\/h2>\n
\"Trevor
Image Credits:<\/strong>Victor J. Blue\/Bloomberg \/ Getty Images<\/span><\/figcaption><\/figure>\n

Pardon for Trevor Milton: <\/strong>The White House confirmed that President Trump has pardoned Trevor Milton<\/a>, the founder of Nikola, who was convicted of fraud. This pardon comes shortly after Nikola filed for Chapter 11 bankruptcy.<\/p>\n

China’s AI Censorship: <\/strong>A leaked database revealed that China has developed an AI-powered censorship machine<\/a> that extends beyond traditional taboos, highlighting the country’s ongoing efforts to control online content.<\/p>\n

Rivian’s Skunkworks Spinout: <\/strong>Rivian’s skunkworks project has been spun out into a new company called Also, with $105 million in funding from Eclipse Ventures. This move marks a significant development in the micromobility space.<\/p>\n

Apple’s WWDC 2025: <\/strong>Apple announced that its Worldwide Developers Conference 2025 will take place from June 9-13. Reports suggest that the company is preparing significant software overhauls for the iPhone, iPad, and Mac, including the highly anticipated iOS 19.<\/p>\n

23andMe’s Bankruptcy: <\/strong>DNA testing company 23andMe filed for bankruptcy<\/a> this week, with its CEO, Anne Wojcicki, resigning and planning to bid on the company as an independent investor. This raises concerns about the security of user data.<\/p>\n

Kat Abughazaleh Runs for Congress: <\/strong>Kat Abughazaleh, a 26-year-old who was laid off from Media Matters after Elon Musk sued the company, announced her candidacy for Congress<\/a>. Abughazaleh aims to increase transparency in the political process.<\/p>\n

Lumon Terminal Pro on Apple’s Website: <\/strong>A Lumon Terminal Pro computer appeared on Apple’s website<\/a>, sparking interest among fans of the TV show “Severance.”<\/p>\n

SpaceX’s Chinese Investment: <\/strong>Reports emerged that SpaceX has allowed Chinese investors to purchase shares<\/a> through offshore hubs, raising questions about the company’s relationship with foreign investors.<\/p>\n

Nintendo’s Virtual Game Cards: <\/strong>Nintendo announced that
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Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We’re back with Week in Review, featuring the latest news and updates from the tech world. This week, Elon Musk announced that xAI has acquired X in an all-stock deal,…<\/p>\n","protected":false},"author":0,"featured_media":4028,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[3887,813,1679],"class_list":["post-12463","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-block","tag-layoffs","tag-week-in-review"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/02\/elon-musk-election-afd-purple.jpg","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/12463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=12463"}],"version-history":[{"count":0,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/12463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/4028"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=12463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=12463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=12463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}