xAI hires former Morgan Stanley banker Anthony Armstrong as CFO

In Brief

Elon Musk’s AI company, xAI, present has a caller main fiscal officer: Former Morgan Stanley banker Anthony Armstrong, the Financial Times reported, citing anonymous sources.

Armstrong, who antecedently advised Musk during the Twitter deal, volition oversee the finances of some xAI and X, which were merged successful April, the study said. The erstwhile banker has been moving with xAI for respective weeks and was lone precocious appointed arsenic CFO, the FT added.

xAI has been without a CFO since its erstwhile concern head, Mike Liberatore, left the company successful July, and Armstrong’s assignment follows a slate of high-profile enforcement departures astatine some xAI and X.

xAI’s wide counsel, Robert Keele, left the institution successful August aft a small much than a twelvemonth connected the job. Raghu Rao, a elder lawyer, besides departed astir the aforesaid time, and Igor Babuschkin, 1 of xAI’s co-founders, successful August said helium was leaving the institution to motorboat his ain VC steadfast dedicated to AI information research. Linda Yaccarino, erstwhile CEO of X, besides resigned successful July.

Armstrong volition instrumentality implicit from X’s existent CFO, Mahmoud Reza Banki, who is leaving the company, the FT reported.

xAI did not instantly instrumentality a petition for comment.

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