Elon Musk removes more xAI founders during restructuring ahead of potential IPO
Summary
Elon Musk has forced out additional co-founders and employees at xAI as the startup undergoes internal restructuring following its merger with SpaceX, in preparation for a potential IPO. The founding team has shrunk significantly, now down to two members, following the departures of Tony Wu, Jimmy Ba, Guodong Zhang, and Zihang Dai. Zhang reportedly left after Musk blamed him for coding issues. Musk has brought in executives from SpaceX and Tesla to audit operations and has apologized for past hiring mistakes, stating recruiters are now reaching out to previously declined talented candidates. Musk compared the necessary rebuild to a "Tesla-style" overhaul, emphasizing that xAI was not constructed properly initially. Staff concerns remain regarding eroded morale due to the turmoil and demands for an "extremely hardcore" work culture.
(Source:Crypto Briefing)