Elon Musk’s AI firm, xAI, now has a brand new chief monetary officer: Former Morgan Stanley banker Anthony Armstrong, the Monetary Occasions reported, citing nameless sources.
Armstrong, who beforehand suggested Musk in the course of the Twitter deal, will oversee the funds of each xAI and X, which had been merged in April, the report mentioned. The previous banker has been working with xAI for a number of weeks and was solely lately appointed as CFO, the FT added.
xAI has been and not using a CFO since its earlier finance head, Mike Liberatore, left the company in July, and Armstrong’s appointment follows a slate of high-profile govt departures at each xAI and X.
xAI’s basic counsel, Robert Keele, left the corporate in August after a bit of greater than a 12 months on the job. Raghu Rao, a senior lawyer, additionally departed across the similar time, and Igor Babuschkin, one among xAI’s co-founders, in August said he was leaving the corporate to launch his personal VC agency devoted to AI security analysis. Linda Yaccarino, former CEO of X, additionally resigned in July.
Armstrong will take over from X’s present CFO, Mahmoud Reza Banki, who’s leaving the corporate, the FT reported.
xAI didn’t instantly return a request for remark.
