Musk names former Morgan Stanley banker Anthony Armstrong as new xAI finance chief: Report – The Economic Times

Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the brand new chief monetary officer of his synthetic intelligence group xAI, the Financial Times reported on Monday.

Armstrong will lead the finance operations for each xAI and social media platform X, the report stated, citing a number of individuals acquainted with the matter.

xAI and X didn’t instantly reply to a Reuters request for remark.

Armstrong will substitute Mike Liberatore as CFO. Liberatore left the factitious intelligence startup this yr following clashes with members of Musk‘s internal circle over company construction and aggressive monetary targets, the report stated.

Armstrong has emerged as a detailed lieutenant lately, together with throughout Musk’s stint in Washington on the Division of Authorities Effectivity, the report added.

Musk launched xAI in 2023 to problem Massive Tech’s AI push, accusing business leaders of extreme censorship and lax security requirements.