xAI CFO Mike Liberatore Departs Amid Executive Exodus

xAI has experienced another significant executive departure as Mike Liberatore, the company's Chief Financial Officer, has stepped down. Liberatore, who joined the company in April, left around the end of July, according to The Wall Street Journal. During his short tenure, he played a crucial role in orchestrating a $5 billion debt raise and an additional $5 billion in equity, with nearly half of the equity coming from SpaceX.

Liberatore's exit follows a series of high-profile departures from the company. In August, Robert Keele, xAI's general counsel, also resigned after just over a year in the role. Around the same time, Raghu Rao, a senior lawyer, left the company. Additionally, Igor Babuschkin, a co-founder of xAI, announced his departure to start a venture-capital firm focused on AI safety.

These departures come amid challenges for xAI, including issues with its chatbot, Grok, which led to public controversies earlier this year. Despite these setbacks, xAI continues to integrate its AI technologies with the social media platform X, following their merger earlier this year.