Billionaire Elon Musk announced on Friday that he has sold social media site X, formerly known as Twitter when he bought it over two years ago, to his own artificial intelligence (AI) company xAI in a $33 billion (€30.5 billion) all-stock deal.

Both companies are privately held, which means they are not required to disclose their finances to the public.

Musk, who is also head of astronautical company SpaceX and carmaker Tesla, said in a post on X that the move will “unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach”.

“xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution, and talent,” Musk posted.

“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,” he added.

Musk said the deal values xAI at $80 billion (€74 billion) and X at $33 billion (€30.5 billion).

Ambitions for xAI

The South African-born tech mogul, who also serves as an advisor to President Donald Trump heading the unofficial DOGE department, bought the site then called Twitter for $44 billion (€40 billion) in 2022, gutted its staff, and changed its policies on hate speech, misinformation, and user verification and renamed it X.

He launched xAI a year later.

“Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centres at unprecedented speed and scale,” Musk wrote on X.

Musk announced in December that the AI start-up would be expanding its supercomputer ‘Colossus’ in a bid to take on rivals like OpenAI, increasing the number of graphics processing units (GPUs) in order to develop new AI models at faster rates.

It’s not clear if the move will change anything for X users – xAI already uses data from X user posts to train its AI models and paying X users have access to its AI chatbot, Grok.

During Wednesday’s plenary, lawmakers debated a motion sponsored by Asuquo Ekpeyong, senator representing Cross River south, highlighting the financial strain caused by recent hike in data tariffs.

Ekpeyong warned that the surge in data costs was a major setback for young Nigerians who depend on the internet for their livelihoods.

He argued that many young people use digital platforms for freelancing, e-commerce, content creation, and software development, making affordable internet access crucial to their economic survival.

“Telecommunication providers in Nigeria have recently increased the cost of data services by as much as 200%. A move that has placed significant financial strain on millions of Nigerians, especially young people who rely on the internet for their livelihood,” he said.

“Young Nigerians have embraced the digital economy, leveraging the internet for various income-generating activities including freelancing and remote work, direct marketing and social media management, e-commerce, content creation on various platforms, online training, software development, web design, mobile app creation, content creation of various platforms, online education, etc.

“The senate notes that young Nigerians have embraced the digital economy, leveraging the internet for their livelihood, leaving them heavily dependent on mobile telecommunications companies for internet access, and that the sudden and substantial increase in data cost threatens their economic survival and limits access to critical digital services.

“The senate is further concerned that the reasons provided by telecom providers for the data price hike, including high operational costs of favourable exchanges, are untenable, and appears that instead of addressing the root causes of the high cost of doing business in Nigeria, the burden is being unfairly transferred to end-users.

“Senate is aware that the high cost of doing business in Nigeria is driven by multiple challenges, such as increased operational risk and insurance costs.

“The senate believes that urgent government intervention is required to ensure that affordable internet access remains available to all Nigerians, particularly to the young Nigerians who are at the backbone of Nigeria’s digital economy.

“The senate accordingly resolves to urge the federal government to engage with telecommunication providers to review the recent increase in data costs and ensure the pricing remains fair and affordable for all Nigerians.”

The motion was seconded by Titus Zam, senator representing Benue north-west, and received the support of other lawmakers.

Victor Umeh, senator representing Anambra central, criticised not just the rising cost of data but also increases in telecom charges and Pay TV tariffs, accusing regulatory bodies of failing to protect Nigerians.

“If you buy airtime or data, within minutes, you are out of it. Nigerians are suffering so much, and we cannot turn a blind eye,” he said.

Sadiq Umar, senator representing Kwara North, warned that the price hike disproportionately affects young people, who form a significant part of Nigeria’s workforce.

“These service providers must make life easier for young Nigerians, not harder. The government needs to step in before this situation worsens,” he said.

Following the debate, Senate President Godswill Akpabio put the motion to a vote, and it was unanimously adopted.

Lawmakers urged the federal government to engage telecom providers to review and reduce the recent increase in data costs.

They also called on the ministry of communications, innovation, and digital economy to develop a policy framework for affordable internet access.

Lawmakers further recommended the creation of tech hubs across the country to provide free or subsidised internet for entrepreneurs, students, and innovators.

They also directed the senate committee on communications to investigate the factors driving high data costs and propose solutions to make the telecom sector more business-friendly.

Speaking after the motion was adopted, Akpabio praised Ekpeyong for raising the issue, saying the intervention would support young entrepreneurs and ensure fair pricing in the digital economy.

“This motion, when implemented, will assist our young entrepreneurs, not only to remain in business but also to ensure that they have affordable pricing that allows them to generate profits,” he said.

Thousands of 9mobile customers are currently experiencing hardship due to the telecom operator’s decision to block porting requests.

Ekwutosblog gathered that for over a month, 9mobile subscribers have not been able to receive or make calls, send text or use their Sim card.

It was also learnt that the Sim card currently shows ‘No service’ or ‘emergency calls only’ nationwide.

A subscribers who spoke to our correspondents said the issue with the 9mobile network began last year and has now worsened. Subscribers also accused the telecom operator of blocking their porting requests.

Investigation by Ekwutosblog in major parts of the FCT revealed that there was no service while using a 9mobile sim.

A visit to the 9mobile Office in Kubwa and the Central Area also showed that there was no business activities going on due to unavailability of network.

A visibly angry subscriber who spoke to our correspondent said he has lost business due to the issue. He also called on the Nigerian Communications Commission, NCC, to sanction 9mobile.

One of the subscribers, identified as Ifiok Samson said, ”NCC needs to sanction 9mobile and issue a directive that they should allow their customers to port to other networks.

“We have been through a lot since last year. The network has been terrible and it has worsened since 2025.

”We barely have service for two days in a week. This is my main line and I have tried to port since January but it appears that 9mobile blocked its customers from porting. When I visited their office, their representative told me they had no network. They said this lackadaisical, like it isn’t their main purpose of doing business.

”This shows that the issue is really bad. Why should customers bear the brunt of these bad services and be forced to remain with 9mobile? Please help us. We have called on NCC and FCCPC on social media, yet no one has issued a directive to this effect. We are losing money daily due to our poor choice of using 9mobile. As a regulator please save us from this bondage.”

Here are some comments Ekwutosblog gathered from X

@Ifoye, NgComCommission, ”9mobile network has been down in Ibadan for over 2 weeks with no recovery date in sight. It is also impossible to port 9mobile numbers to other networks because they require 9mobile network to be on before that can be done. Kindly see to this because the implications are many for bank account owners, business, applicants, clients with prepaid subscriptions, etc.”

@DforDust, “9mobile has been unavailable for a month, a whole month. There’s no regulatory body dragging them, there’s no message from 9mobile about what’s going on. You know how many businesses some people would have lost because of that?!”

@PrettyaganahHello NCC, Please help us in Kano. 9mobile has been down for almost a month now and we have not been informed about it and nobody is doing or saying anything. We have lost a lot of business calls, especially being our primary lines. Please intervene.”

@motexmaryam, ”I have not used WhatsApp for almost 24 hrs because I can’t verify my number with mobile.Calls, SMS nothing is entering this God forsaking sim! Tried it at 4am still no network.”

@tony_okey, ”Please, you may have to temporarily waive the authorization code requirement for porting. I haven’t had any signal for months, so I can’t port from 9mobile. Please allow us to port from 9mobile in peace.No calls or SMS. Thank God for WhatsApp.”

@SanSparkles, ‘You guys have frustrated some of us enough. Kindly reinstate your porting services so those of us who want to port from 9mobile to another network can swiftly do that.Shutting your porting service is a selfish act.”

@aysomethin, ”Where is NCC the regulators? I went to MTN Yesterday to try to port away from this 9mobile network but was told they can’t do anything until 9mobile is back on the grid. Now I am being held ransom by a telcom. Shame.”

@suleman_Tanimu, ”9mobile needs to do one thing, at least make your porting service available so that customers can port to other preferred service providers. I’ve been visiting MTN office in Abuja for the past 3 weeks and the customer care keeps telling me that 9mobile porting service is down.”