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Co-founders Exit One After Another, Musk Admits xAI "Needs Rebuilding"
(Source: Global Times)
Source: Global Times
【Global Times Tech Summary】On March 14, CNBC reported that less than six weeks after Elon Musk merged SpaceX with AI startup xAI into a giant valued at $1.25 trillion, the world’s richest man publicly admitted that his AI company “didn’t get it right the first time and is rebuilding from scratch.”
Musk posted this comment on his social platform X. Previously, several co-founders of xAI had resigned. With the early core team leaving one after another, only two founding partners remain at xAI. Meanwhile, SpaceX is preparing for its first IPO this year, which could set a new record if successful.
According to documents reviewed by CNBC, when SpaceX and xAI merged last month, the reusable rocket company’s valuation had reached $1 trillion, while xAI was valued at $250 billion. Musk also previously used xAI to acquire social platform X (formerly Twitter), a deal announced last March and completed entirely in stock.
On Thursday, SpaceX announced the addition of two programmers from the hot AI programming startup Cursor: Andrew Milich and Jason Ginsberg. The Financial Times reported on Friday, citing sources, that after seeing the rapid market success of generative AI competitors OpenAI and Anthropic’s programming tools, Musk has ordered a new round of layoffs.
“Over the past few years, many talented people have been rejected by @xAI, or even just not given interview opportunities,” Musk wrote earlier Friday on X. “I apologize deeply.” He added that he and Barry Akis, who is responsible for xAI’s engineering talent, are “reviewing the company’s interview history and re-contacting promising candidates.”
In addition to early talent loss and lagging behind in AI-driven programming, xAI has repeatedly sparked controversy over its chatbot and image generator Grok, which has become the subject of investigations by multiple governments. The issues initially stemmed from Grok allowing users to easily alter photos or videos of real people (including adults and children), creating non-consensual adult content or deepfake images.
Meanwhile, in recent years, xAI has invested billions of dollars in building power and data infrastructure in Memphis, Tennessee, and surrounding areas. The company recently obtained a permit in Mississippi to build a large natural gas power plant to supply energy to xAI’s data centers.
Most of Musk’s liquid assets remain tied up in Tesla, which is collaborating with xAI in various ways. Tesla is integrating Grok into its vehicle infotainment and navigation systems, and applying the Grok model to the development of the Optimus humanoid robot. Additionally, Tesla has sold xAI large backup batteries worth hundreds of millions of dollars for its data centers.
As of press time, Musk and xAI have not responded to the above news. (Buchan)
(End)