00:00It's Benzinga bringing Wall Street to Main Street.
00:02Toby Pollan announced late Thursday that he is departing XAI after three years at the company,
00:07according to Benzinga. Pollan thanked his team and Elon Musk and said he plans to take time
00:13off to rest and document his experiences. Musk responded by thanking Pollan for helping build
00:18XAI. Pollan's exit follows recent departures by co-founders Yuhua, Tony, Wu, and Jimmy Ba,
00:24as well as earlier exits by Christian Segeti, Igor Babushkin, and Greg Yan.
00:30Half of the original founding team has now left as XAI prepares for a potential IPO.
00:35Musk announced a restructuring to improve execution speed and said the company is hiring aggressively.
00:41The changes come after SpaceX acquired XAI in an all-stock deal valuing SpaceX at $1 trillion
00:46and XAI at $250 billion. For all things money, visit Benzinga.com.
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