According to Eleanor Terrett, Elon Musk's AI startup xAI has acquired X for $45 billion, including debt. Musk bought Twitter for $44 billion in 2022 before rebranding it to X. The acquisition boosts xAI's valuation to $80 billion, indicating a significant strategic move in the tech and AI sectors. This development is crucial for traders focusing on Tesla ($TSLA) and Dogecoin (DOGE) as Musk's ventures continue to influence these markets.

According to The Kobeissi Letter, Elon Musk announced that xAI has acquired X in an all-stock transaction, valuing xAI at $80 billion and X at $33 billion. This acquisition may impact trading strategies as it suggests significant integration of assets and potential synergies between the two companies, potentially affecting their stock performance and market dynamics.

According to DeepLearning.AI, Elon Musk's xAI has launched Grok 3, a new family of large language models (LLMs) designed for advanced reasoning and problem-solving. Grok 3 utilizes at least 200,000 Nvidia H100 GPUs, which is more than ten times the compute power used by its predecessor. This substantial increase in computational resources suggests potential improvements in processing speed and reasoning capability, which could significantly impact AI application in trading, particularly in high-frequency and algorithmic trading environments. The multiple reasoning modes offered by Grok 3 could provide traders with refined analytical tools, enhancing decision-making processes and potentially leading to more profitable trades.