US EditionElon Musk Names Ex-Morgan Stanley Banker CFO of xAI, FT Reports
Anthony Armstrong, a former Morgan Stanley banker, will manage finances for both xAI and social platform X amid rapid growth and strategic expansion, sources said.
- On Monday, the Financial Times reported that Anthony Armstrong, former Morgan Stanley banker, was appointed CFO of xAI, replacing Mike Liberatore.
- As xAI seeks a bigger role in artificial general intelligence, Armstrong, who advised Musk on the X acquisition, has emerged as a close lieutenant in recent years, Financial Times reported.
- Armstrong will lead financial operations for both xAI and X, the social media platform, while xAI pursues a $200bn funding round valuation, investor estimates show.
- Following reported departures within the finance team, Liberatore left this year after clashes with Musk's inner circle, and the appointment aims to strengthen leadership during xAI's rapid growth phase.
- Across Musk's companies, promotional activity is increasing as Tesla prepares a Model Y unveiling on Tuesday and published two X platform videos over the weekend showing headlights and inscription 10/7.
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East Bay Times
siliconvalley.comElon Musk names ex-Morgan Stanley banker CFO of xAI, FT reports
(Bloomberg/Edwin Chan) — Elon Musk named a former Morgan Stanley executive the chief financial officer of xAI, the Financial Times reported, appointing an ally to help oversee one of the largest US artificial intelligence startups. Anthony Armstrong will helm finance at both xAI and the social media service X, the newspaper reported, citing people familiar with the matter. The executive, who helped Musk complete the $44 billion acquisition of th…
According to a media report, Elon Musk has appointed a former investment banker from Morgan Stanley as the new Chief Financial Officer for his AI firm xAI and the Short News Service X. Anthony Armstrong, who had already advised Musk on the acquisition of Twitter, is to lead the financial operations of both companies. This was reported by the "Financial Times" on Tuesday, citing insider. Armstrong has therefore been working for xAI for several we…
Elon Musk names Anthony Armstrong, ex-Morgan Stanley banker, as CFO of xAI
Elon Musk named a former Morgan Stanley executive the chief financial officer of xAI, the Financial Times reported, appointing an ally to help oversee one of the largest US artificial intelligence startups.
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