QC has stronger protections than neighboring ON does, actually. If the employee has more than 2 years of service they simply cannot be dismissed without just cause. Even under 2 years there are a bunch of protections, but at 2+ it gets harder.
100%. They’ve announced the plans for SpaceX to have an IPO, this will basically eliminate all of his losses even if they just shut down xAI immediately following acquisition (which they won’t do just yet, because people are still bag holding AI investments.)
This guy might be a dumb fuck, but he’s the smartest dumb fuck in the billionaire game.
Edit:
Some of his capital investors might have told him that they want out of xAI because they see where the wind is blowing. This gets them out with profit if they pull it off fast enough.
This (SpaceX IPO) is going to be a massive rug pull, for the 2nd round of public traders and I bet that he’s got structure in place to ensure that even after selling billions of dollars of shares he still holds 51% or some shit, or that his annual compensation is $0+1% of the company.
10 years ago I would have bought into a SpaceX IPO. Not today.
He was attached to Ubi’s office Montreal, QC, Canada.
If there isn’t anything more than what is mentioned in the article, it’s highly that the CDPDJ would rule against Ubi if the dismissal is challenged; this would likely be protected as Freedom of Expression, as nothing negative was said about Ubi besides the implication that Ubi thought that their employees wouldn’t see their motives.
BenJ had coauthor credit on it.