TechFlow, June 20 — According to Reuters, the European Commission is seeking further information from X (formerly Twitter) regarding corporate structural changes following xAI's $33 billion acquisition of the social media platform led by Elon Musk. An EU spokesperson confirmed that authorities are closely monitoring changes in X's corporate structure, while EU regulators are assessing whether to impose fines on X for potential violations of the Digital Services Act (DSA), with penalties reaching up to 6% of its global annual turnover. To date, neither X nor xAI has responded to the investigation.
Add to Favorites
Share to Social Media
