Elon Musk Appoints Former Morgan Stanley Executive as CFO of xAI and X Company

According to PANews, Elon Musk has appointed Anthony Armstrong, a former executive at Morgan Stanley, as the Chief Financial Officer for xAI and X Company. Armstrong's role is crucial as Musk focuses on improving the financial health of X Company and expanding the operations of xAI. Recently, xAI secured funding with a valuation of $200 billion, although it faces significant infrastructure costs.