Elon Musk’s artificial intelligence company, xAI, continues to lose senior executives. The latest departure at the company is Chief Financial Officer (CFO) Mike Liberatore. He left the position at the end of July, having started in April.
xAI management is shedding leaves
According to the Wall Street Journal, despite his short time at xAI, Mike Liberatore has overseen significant projects. He led the company’s $5 billion debt financing and played a key role in its $5 billion equity raise. Almost half of this investment came from Elon Musk’s SpaceX. Liberatore also oversaw xAI’s data center expansion in Memphis.
Liberatore’s departure is the latest in a wave of senior resignations at xAI. In August, general counsel Robert Keele, who had been with the company for more than a year, resigned. That same month, senior attorney Raghu Rao also left the company. In previous months, xAI co-founder Igor Babuschkin announced his departure to establish his own AI security research firm.
This chain of departures was joined by Linda Yaccarino, CEO of X, whom xAI took over in March. Yaccarino resigned in July. This decision was reportedly made following some disturbing behavior by the company’s chatbot, Grok.
The recent departures are reported to have weakened the company’s financial structure and senior leadership. While xAI is a rapidly growing company in the AI field, this wave of resignations raises questions about the company’s future. Industry experts believe this could negatively impact the company’s operational stability and investor confidence.
