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fromwww.mercurynews.com
1 day agoElon Musk names ex-Morgan Stanley banker CFO of xAI, FT reports
Anthony Armstrong appointed CFO of xAI and X to oversee finances and revive X's profitability amid heavy AI spending and management turmoil.
Elon Musk's AI company, xAI, now has a new chief financial officer: Former Morgan Stanley banker Anthony Armstrong, the Financial Times reported, citing anonymous sources. Armstrong, who previously advised Musk during the Twitter deal, will oversee the finances of both xAI and X, which were merged in April, the report said. The former banker has been working with xAI for several weeks and was only recently appointed as CFO, the FT added.