Elon Musk (54) According to a media report, a former Morgan Stanley investment banker has appointed the new head of finance for his AI company Xai and the short message service X. Anthony Armstrong, who had already advised Musk on the takeover of Twitter, should lead the financial transactions of both companies, reported the “Financial Times
“(FT), citing several people familiar with the matter. Armstrong has been working for Xai for a few weeks now and has been formally appointed in the past few days.
Musk had the takeover of the social media platform X (formerly Twitter) by his Ki-Labor Xai in early April announced
. This creates a new giant with a twelve -digit rating. Armstrong thus conducts a real heavyweight in the company’s rich in Elon Musk. One of his main tasks is to stabilize the short message service after the departure of many advertisers. After taking over, Musk had loosened the rules for content, which prompted many advertising customers to say goodbye.
Armstrong, as a global director of tech fusions at the US Großbank Morgan Stanley, had been a team that Musk had hired to take on Twitter in 2022 for the $ 44 billion. According to the report, a close relationship between the two developed during the business.
At Xai, Armstrong Mike Liberatore, who had left the company this year after clashes with members from Musk’s closest circle, on the corporate structure and aggressive financial goals. Neither the companies nor Armstrong were initially available for a statement.
The appointment takes place in the middle of a wave of exits on the management of Musk companies. In July the boss of X, Linda Yaccarino (61), stepped back. In addition, the CFO left X, Mahmoud Reza Banki (49), and the chief lawyer of Xai, Robert Keele, her post.
According to the FT report, Xai is also in discussions about a new financing round. This could be on Artificial intelligence
(AI) Evaluation of specialized software companies from California with around $ 200 billion, it was said, citing investors.