Elon Musk's xAI sees final co-founders exit amid restructuring
Market Updates

Elon Musk's xAI sees final co-founders exit amid restructuring

storyboard18.com28d ago

The final two co-founders of xAI have reportedly exited the company, marking the departure of all founding members of the artificial intelligence venture led by Elon Musk, according to a report by Business Insider.

The publication reported that Manuel Kroiss had informed associates of his decision to leave the company earlier this month, while Ross Nordeen exited the firm on Friday. Their departures follow a broader wave of exits that had already seen nine of the company's 11 co-founders leave.

Kroiss and Nordeen both held key roles within xAI and reported directly to Musk, the report stated. Kroiss led the company's pretraining team, while Nordeen functioned as a close operational aide to Musk. Nordeen previously worked at Tesla and was involved in planning significant layoffs at Twitter following Musk's acquisition of the platform in 2022.

The departures come at a time when Musk is said to be overhauling xAI's structure. He recently stated that the company was not built correctly in its initial phase and is now being rebuilt from the ground up.

The developments also follow the reported acquisition of xAI by SpaceX, bringing it together with SpaceX and X, formerly known as Twitter, under a single corporate umbrella. This consolidation comes as SpaceX is reportedly preparing for a potential public listing.

The complete exit of xAI's founding team underscores a period of significant transition for the company as it seeks to reposition itself within the rapidly evolving artificial intelligence landscape.z

Originally published by storyboard18.com

Read original source →
xAISpaceX