xAI hires former Morgan Stanley banker Anthony Armstrong as CFO | TechCrunch
Key Takeaways
- xAI has appointed Anthony Armstrong, a former Morgan Stanley banker, as its new Chief Financial Officer.
- Armstrong will oversee the finances for both xAI and X, following their merger in April.
- Armstrong previously advised Elon Musk during the Twitter acquisition deal.
- The appointment follows several high-profile executive departures from both xAI and X, including the previous xAI CFO.
- Armstrong replaces Mahmoud Reza Banki, who is leaving his role as X's current CFO.
Elon Muskâs AI company, xAI, has appointed former Morgan Stanley banker Anthony Armstrong as its new Chief Financial Officer, citing anonymous sources from the Financial Times. Armstrong, who previously advised Musk during the acquisition of Twitter, will now be responsible for overseeing the finances of both xAI and X, following their merger in April. The former banker has reportedly been working with xAI for several weeks before his official appointment. This move comes after xAI had been without a CFO since Mike Liberatore departed in July, and it continues a trend of executive turnover at both entities. Other notable departures include xAI's general counsel, Robert Keele, and co-founder Igor Babuschkin, as well as X's former CEO, Linda Yaccarino. Armstrong will be taking over the role from Xâs current CFO, Mahmoud Reza Banki, who is also leaving the company.
