Elon Musk appoints ex-Morgan Stanley banker as new xAI CFO — Financial Times

Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his AI company xAI. Armstrong will also oversee the financial operations of Musk’s social platform X, marking another key leadership change within Musk’s business empire.

Source Financial Times

Armstrong, who advised Musk on the $44bn Twitter acquisition, has become one of his closest allies. He previously served as a senior adviser in the Trump administration before departing over disagreements on fiscal policy. He replaces Mike Liberatore, who recently left xAI for OpenAI.

The appointment comes as Musk ramps up his ambitions in artificial intelligence, seeking to compete with OpenAI and Google DeepMind. xAI is reportedly preparing for a new funding round that could value the company at around $200bn, underscoring its growing influence in the AI race.