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Elon Musk has appointed former Morgan Stanley executive Anthony Armstrong as CFO of xAI and X Corp.
PANews, October 7 - Elon Musk has appointed former Morgan Stanley executive Anthony Armstrong as the Chief Financial Officer of xAI and X Corp. Armstrong's role is crucial as Musk is committed to improving X Corp's financial situation and expanding xAI's business. xAI recently secured funding at a valuation of $200 billion but faces high infrastructure costs.