Xai Hires Former Morgan Stanley Banker Anthony Armstrong As Cfo

In Brief

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

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

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

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

Armstrong will return complete from X’s existent CFO, Mahmoud Reza Banki, who is leaving nan company, nan FT reported.

xAI did not instantly return a petition for comment.

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