Tech investor and LinkedIn co-founder Reid Hoffman criticized the AI strategy of Space Exploration Technologies Corp. (NASDAQ:SPCX) and the performance of xAI.
Hoffman Doubles Down On SpaceX Critique
In the Pioneers of AI podcast on Tuesday, in conversation with Rana el Kaliouby, Hoffman said that xAI, as Elon Musk himself had described it, was a “complete train wreck” in its efforts to build foundational models and related technologies. He also highlighted that all of xAI’s founders have departed and the company is on its “third restart.”
"SpaceX isn’t an AI company," said Hoffman. His remarks followed SpaceX’s public listing on June 12, where AI was a significant part of its IPO narrative. Shortly after, the company announced its acquisition of Cursor, an AI coding tool. Hoffman saw this as a sign of SpaceX’s AI deficiency rather than an indication of its capability and termed it as using the market cap to “buy AI companies and try to buy your way into relevance."
"You’re a premium-priced CoreWeave (NASDAQ:CRWV)," Hoffman said. "I get it. Which is not an AI company."
