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Investing.com -- Elon Musk’s artificial intelligence company xAI has lost its chief financial officer Mike Liberatore, who left the firm around the end of July after serving only since April, according to a report from the Wall Street Journal, citing people familiar with the matter.
Liberatore, a former Airbnb executive, played a key role in xAI’s recent fundraising initiatives, including a $5 billion debt sale facilitated by Morgan Stanley in June. The company simultaneously raised an additional $5 billion in equity during this period.
During his brief tenure, Liberatore also managed aspects of xAI’s data center expansion efforts in the greater Memphis area.
The specific reasons behind Liberatore’s departure from the company remain unknown.
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