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00:02Elon Musk praised his AI startup XAI for its merit-based compensation and growth potential,
00:06contrasting it with Meta's aggressive hiring strategy, according to Benzinga.
00:10In a Sunday post on X, Musk said engineers were joining XAI for Meta without needing
00:15insane initial compensation. He claimed that XAI offers vastly more market cap growth potential
00:20in Meta. Musk's remarks follow Meta's recruitment of top AI talent, including Apple's Ru Ming
00:25Peng and the employment of Sheng Jie Zhao to lead its superintelligence labs.
00:29Dell CEO Michael Dell criticized Meta's hiring spree for risking employee dissatisfaction.
00:35Musk denied reports of XAI seeking a $200 billion valuation, but is reportedly raising $12 billion
00:40in debt to build an NVIDIA-powered AI supercomputer. XAI also announced government-targeted products
00:46and new federal partnerships under its Grok for Government initiative.
00:50For all things money, visit Benzinga.com.
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