xAI hires former Morgan Stanley banker Anthony Armstrong as CFO

xAI, a technology company, has hired former Morgan Stanley banker Anthony Armstrong as its new Chief Financial Officer (CFO). Armstrong previously advised Elon Musk during his acquisition of Twitter. In his new role, Armstrong will be responsible for overseeing the finances of both xAI and X, which were merged in April. X, formerly known as Twitter, was acquired by Musk in a high-profile $44 billion deal. The appointment of Armstrong, who has extensive experience in the financial industry, is seen as a strategic move by xAI to strengthen its financial management and support the integration of the two companies. As CFO, he will play a crucial role in ensuring the smooth operation and growth of the combined entity. The merger of xAI and X reflects the broader strategy of Musk and his team to streamline and enhance their tech-focused operations. With Armstrong's appointment, the company aims to leverage his expertise to navigate the challenges and capitalize on the opportunities presented by the integration of the two businesses.