xAI hires former Morgan Stanley banker Anthony Armstrong as CFO

Elon Musk’s AI Company, Xai, now has a new Chief Financial Officer: former Morgan Stanley Banker Anthony Armstrong, The Financial Times reportedWith reference to anonymous sources.

Armstrong, who previously advised Musk during the Twitter deal, will supervise the finances of both Xai and X, which were merged in April, according to the report. The former banker has been working with Xai for several weeks and was only recently appointed as CFO, the FT added.

Xai has been without CFO since the previous financial head, Mike Liberatore, left the company in July, and the appointment of Armstrong follows a slate of high -profile executive departure at both Xai and X.

Xai’s General Counselor, Robert Keele, left the company at work in August after a little more than a year. Raghu Rao, a senior lawyer, also left around the same time, and Igor Babuschkin, one of Xai’s co-founders, in August said He left the company to launch his own VC company that focuses on AI Safety Research. Linda Yaccarino, former CEO of X, also resigned in July.

Armstrong takes over from X’s current CFO, Mahmoud Reza Banki, who leaves the company, the FT reported.

Xai did not immediately return a request for comment.