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🗓️ 3 April 2025
⏱️ 12 minutes
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0:33.8 | Welcome to Tech News Briefing. It's Thursday, April 3rd. I'm Victoria Craig for the Wall Street Journal. |
0:39.3 | Elon Musk has thrown out the rulebook again, this time not in the White House, but on Wall Street with a mega merger. |
0:46.3 | Then, finding it harder to filter through Google's results these days, our tech columnist quit the world's leading search engine cold turkey, and her |
0:55.2 | results might surprise you. |
1:03.2 | First, it could be considered the biggest deal of the year, the tie-up between social media |
1:07.8 | company X and artificial intelligence startup XAI. Except it's not your |
1:13.3 | run-of-the-mill merger. That's because both companies are private and owned by billionaire tech |
1:18.7 | titan Elon Musk, and the deal has broken all the normal rules. WSJ deals reporter Ben Glickman |
1:25.1 | is helping break it all down. Ben, we'll get to the unorthodox nature of this in a second. |
1:30.5 | But just start by telling us the reason for this merger. |
1:33.8 | Well, there's already a lot of overlap between the two companies. |
1:36.9 | They share GPUs like these chips that power AI processing. |
1:42.3 | They already share some resources, and obviously they are both trying to get |
1:46.8 | a share of Musk's attention. So there is some overlap and a rationale for why they would |
1:52.5 | be working together. So plenty of synergies, I suppose we could say, but this deal is raising |
1:58.5 | lots of eyebrows for many, many reasons. |
... |
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