Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday.
Armstrong will lead the finance operations for both xAI and social media platform X, the report said, citing several people familiar with the matter.
xAI and X did not immediately respond to a Reuters request for comment.
Armstrong will replace Mike Liberatore as CFO. Liberatore left the artificial intelligence startup this year following clashes with members of Musk’s inner circle over corporate structure and aggressive financial targets, the report said.
Armstrong has emerged as a close lieutenant in recent years, including during Musk’s stint in Washington at the Department of Government Efficiency, the report added.
Musk launched xAI in 2023 to challenge Big Tech’s AI push, accusing industry leaders of excessive censorship and lax safety standards.
