Elon Musk Names Ex-Morgan Stanley Banker CFO of xAI, FT Reports

Elon Musk has appointed a former Morgan Stanley executive as the chief financial officer (CFO) of xAI, one of the largest AI startups in the US. According to the Financial Times report, this move is seen as Musk's attempt to install an ally to help oversee the operations of xAI, a company focused on developing advanced AI technologies. The new CFO, whose identity was not disclosed, has prior experience working at Morgan Stanley, a financial services firm. This appointment is viewed as Musk's strategy to have a trusted individual in a key leadership position at xAI, as the company navigates the rapidly evolving AI landscape. The report highlights Musk's involvement in shaping the management and direction of xAI, emphasizing his hands-on approach in overseeing one of the most prominent AI startups in the United States. This move is expected to have significant implications for the future development and strategic direction of xAI.