Is Elon Musk Poaching Talent From His Own Companies? xAI Reportedly Sees Influx Of Former Tesla Employees
Portfolio Pulse from Benzinga Neuro
Elon Musk's AI startup, xAI, has seen an influx of former Tesla employees, particularly from the Autopilot division, following mass layoffs at Tesla. This has raised concerns among Tesla investors and supporters, with some taking legal action against Musk. The shift in talent comes amid Tesla's ongoing layoffs and Musk's focus on AI for Tesla's future. xAI has also secured a $24 billion valuation recently.
June 19, 2024 | 12:20 pm
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Tesla has experienced significant layoffs, particularly in the Autopilot division, leading to an influx of former employees joining Elon Musk's AI startup, xAI. This has raised concerns among investors and supporters, with some taking legal action against Musk.
The movement of key AI talent from Tesla to xAI, especially after significant layoffs, could impact Tesla's future AI developments and overall morale. This has led to investor concerns and legal actions, likely affecting Tesla's stock negatively in the short term.
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