Billionaire Elon Musk has responded to criticism of his artificial intelligence company xAI‘s poor talent retention, defending the company’s operations.
On Saturday, user Varunram Ganesh took to the social media platform X, sharing a post with a screenshot of an employee announcing their departure from xAI after six months of working with the AI company. “Attrition at xAI within the year seems to be at least 50%,” Ganesh said.
Attrition at xAI within the year seems to be at least 50% pic.twitter.com/rC3GCd4YVr
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For reference, the attrition rate refers to the number of employees departing from an organization within a pre-determined time period. This includes layoffs as well as employees voluntarily leaving an organization.
Quoting Ganesh’s post, user @satyanutella_ shared screenshots of Musk’s advice and hiring practices in the past. “Everyone should learn recruiting from “young” Elon,” the user said, calling the Tesla Inc. (NASDAQ:TSLA) CEO “the best tech recruiter ever.”
The user then shared that Musk had since “fell off” in the 2020s. “xAI talent and retention is way worse than all his previous projects,” the user said.
https://twitter.com/satyanutella_/status/2009919580177903988
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Responding to the post, Musk shared that xAI has had “very few regretted departures” from the company. Musk also added that xAI was expanding at a rapid pace despite its relatively small workforce. “We are accelerating faster than any other AI organization on Earth, despite being a much smaller team,” Musk said.
There are very few regretted departures.
And we are accelerating faster than any other AI organization on Earth, despite being a much smaller team.
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xAI is reportedly spending close to $1 billion every month to expand its AI capabilities, with the company spending over $7.8 billion during the first nine months of last year on various investments. It’s worth noting that xAI generated $107 million in revenue. xAI reportedly recorded a loss of $1.46 billion in the September quarter.