Oman Investment Authority's Strategic AI Stake

The Oman Investment Authority (OIA) has acquired a stake in XAI, an artificial intelligence company owned by Elon Musk. This investment expands OIA's portfolio, which already includes shares in Musk's SpaceX, showcasing OIA's strategic interest in advanced technology sectors.

The Oman Investment Authority (OIA) has expanded its investment portfolio by acquiring a stake in XAI, an artificial intelligence company owned by Elon Musk, as reported by Oman's state news agency on Wednesday.

This acquisition underscores OIA's commitment to diversifying its investments in cutting-edge technology sectors, aligning with its investment in Musk's SpaceX.

The move signifies OIA's strategic focus on the potential of artificial intelligence and aerospace technologies, enhancing its influence in these rapidly evolving industries.

(With inputs from agencies.)