News
Elon Musk Sells X To His AI Company

Elon Musk has revealed that he sold the social media platform X, formerly known as Twitter, to his artificial intelligence company xAI in an all-stock transaction valued at $33 billion (€30.5 billion).
Musk acquired Twitter over two years ago before rebranding it as X.
Both companies remain privately held, exempting them from public financial disclosures. Musk shared on X that the “combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).”
He elaborated, “Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.
“X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.”
Musk emphasised the interconnected futures of xAI and X, stating, “Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.”
He added, “The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge.
“This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.”
Musk, who also advises President Donald Trump in the unofficial DOGE department, initially purchased Twitter for $44 billion (€40 billion) in 2022. Following the acquisition, he implemented significant workforce reductions, altered policies on hate speech, misinformation, and user verification, and rebranded the platform as X.
A year later, Musk launched xAI. In December, he announced plans to expand the AI start-up’s supercomputer, ‘Colossus,’ to compete with rivals like OpenAI. This expansion involves increasing the number of GPUs to accelerate the development of new AI models.
The implications of this move for X users remain uncertain. Currently, xAI leverages data from X user posts to train its AI models, while paying X users have access to its AI chatbot, Grok.
@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).
Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at.
News
Reuben Muoka bows out from NCC as Public Affairs Director

After a luminous epoch, characterised by a meritorious service, Reuben Mouka, a veteran ICT journalist and public relations professional, has retired as Director of Public Affairs at the Nigerian Communications Commission ( NCC).
Muoka joined the Nigerian Communications Commission, NCC, from the Vanguard Newspaper where he was the HI-TECH Editor, some 18 years ago.
He was promoted to the position of the Commission’s Director of Public Affairs (DPA) on Monday, June 20, 2022.
He succeeded Dr Ikechulkwu Adinde, who redeployed in the special duty unit of the Commission.
Muoka had worked in that unut as a principal officer for several years under Engineer Ernest Ndukwe and the late Dr. Eugene Juwah.
He was sent to the special duties and economic policy and analysis departments at some point during the first term of Professor Umar Danbatta as EVC.
He was head of media and public relations from 2009 until 2015, when Danbatta resumed as EVC.
At Vanguard, Muoka worked with Okoh Aihe, who recently retired from the NCC, to run the paper’s Hi-Tech pages and reported ICT for several years.
He left Vanguard to work at MTS First Mobile, a pioneer company in mobile communication in Nigeria, as Corporate Affairs Manager.
Muoka has first and second degrees in Mass Communication.
He was once chairman of the League of Communications Correspondents, a beat association created in 1988 to help ICT journalists become professional ICT reporters.
News
Again China increases tariffs to 125% as trade war with US continues

On Friday, China raised tariffs on goods imported from the United States to 125 percent, responding directly to President Donald Trump’s move to increase levies on Chinese products to 145 percent.
This escalation has intensified the ongoing trade conflict, which poses a serious risk to global supply chains.
The tariff hike followed continued pressure from the U.S. government on China, which remains the second-largest economy in the world and a major supplier of goods to the U.S. While similar duties on many other nations have been suspended, China was specifically targeted for additional increases.
“The US imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion,” China’s Finance Ministry said in a statement.
The U.S. had previously announced that the total tariffs placed on Chinese imports under the Trump administration have now reached 145 percent.
News
Sad! Explosion rocks Lagos

An explosion caused confusion and fear on Friday evening in the Ikeja Under Bridge area of Lagos State after a loud blast came from a building.
The incident happened around 6:30 p.m., drawing attention from people in the neighbourhood who quickly rushed out in fear.
The blast was linked to a solar inverter that suddenly went off inside the building, causing a loud noise that shook nearby surroundings.
Many people in the area ran for safety, and traffic became heavy as vehicles slowed down due to the commotion.
“The explosion was caused by an inverter that blew up. The Lagos Fire and Rescue Service is already on the scene. There’s heavy traffic in the area, and people were seen running in panic,” an eyewitness told Vanguard.
Emergency responders from the Lagos State Fire and Rescue Service quickly arrived at the scene to tackle the situation.
Firefighters worked to bring the fire under control and continued their efforts late into the evening.
As of 8:30 p.m., the fire was still being battled.
Authorities at the scene assured residents that efforts were ongoing to fully manage the situation and there was no need to panic.
“There is no cause for alarm. The situation is under control,” Director of the Lagos State Fire and Rescue Service, Mrs. Margaret Adeseye said.
-
News14 hours ago
Constituents Drag Akpabio, Senate to Court Over Suspension of Natasha
-
News22 hours ago
Security operatives halt attempt to break into VP Shettima’s residence, nab suspect
-
News22 hours ago
Suit Seeking To Sack Ibas As Administrator Suffers Heavy Setback
-
News19 hours ago
Ibas pouring petrol on fire in Rivers, Briggs laments
-
News21 hours ago
PAINFUL! Six Persons Perish In Helicopter Crash
-
News13 hours ago
FCT minister, Wike gives land allotees 21 days to pay or lose offer
-
Economy22 hours ago
CHECK Exchange Rate As Naira Weakens More In Parallel Market
-
News15 hours ago
Nigeria-China Reaffirms Commitment To Strategic Partnership