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Story summary
- Elon Musk announced plans to rebuild xAI after six co-founders departed, signaling a major reset.
- The shakeup has included layoffs and slower progress on coding benchmarks.
- A merger with SpaceX valued at $1.25 trillion aimed to stabilize xAI but faces regulatory scrutiny.
- With half the founding team gone, the June 2026 IPO raises questions about attracting investors.
