xAI hires former Morgan Stanley banker Anthony Armstrong as finance chief

Elon Musk’s AI empire is entering a critical new phase with the appointment of Anthony Armstrong as Chief Financial Officer signaling a formidable Wall Street reinforcement at the helm of xAI’s and X’s financial strategy Armstrong a veteran deal architect with deep ties to Morgan Stanley was instrumental in orchestrating Musk’s landmark 44 billion dollar Twitter acquisition experience that now positions him at the heart of Musk’s ambitious AI social media merger.

Armstrong steps in following a wave of executive exits at both xAI and X a turbulent chapter marked by the departures of finance chief Mike Liberatore legal heads Robert Keele and Raghu Rao and even the high profile exit of X’s CEO Linda Yaccarino With both companies officially merged as of April Armstrong’s task list has grown he’s overseeing financial operations across two platforms undergoing rapid integration and expansion in the face of industry giants

His appointment immediately follows the exit of Mahmoud Reza Banki, the outgoing CFO of X, underscoring Musk’s urgency in securing battle-tested leadership as the company scales. Armstrong’s insider perspective, he’s been at xAI for several weeks now, gives him a jump on leading the financial orchestration of a combined entity valued well above 100 billion dollars

For Musk, this move isn’t just about stabilizing the ship; it’s a signal to the industry that xAI and X’s future will be navigated by someone who’s thrived in the high-stakes pressure of tech’s largest deal.s Armstrong’s mandate drives growth, instills discipline, and helps Musk’s dual juggernauts compete on the razor edge of the AI revolution