DUBAI : The Oman Investment Authority (OIA) has acquired a stake in the artificial intelligence company XAI owned by Elon Musk, Omani state news agency said on Wednesday.OIA, the integrated sovereign wealth fund of Oman, also holds shares in Musk's SpaceX.

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Oman's Investment Authority acquires stake in Elon Musk's XAI company, state news says

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Muscat: The Oman Investment Authority (OIA) on Wednesday, December 18, acquired a stake in “xAI,” a leading American artificial intelligence company owned by entrepreneur Elon Musk. The move comes as part of OIA’s ongoing efforts to diversify its international portfolio and support growth across various sectors, the Oman’s News Agency (ONA) reported. Taking to X, the authority said that xAI has already achieved two significant milestones since i…

The Siasat Daily

Oman acquires stake in Elon Musk's AI company

Oman invests undisclosed sum in xAI Also invested in SpaceX Targeting digital economy as 10% of GDP  The Oman Investment Authority (OIA), the sultanate’s sovereign wealth fund, has acquired a stake in xAI, the artificial intelligence company founded by Elon Musk, the world’s richest man.  The deal was announced on Wednesday by the Omani state news agency but the size of the investment was not disclosed. Musk, who is worth around $486 billion, sa…

AGBI

Oman buys stake in Elon Musk’s AI company

MUSCAT, Oman, Dec. 19, 2024 /PRNewswire/ -- Oman Investment Authority (OIA), the investment arm of the Sultanate of Oman has invested in xAI, a leading artificial intelligence company that ranks among the top five in its industry and one...

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OMAN INVESTMENT AUTHORITY INVESTS IN ELON MUSK'S XAI

The Oman Investment Authority (OIA), the sovereign wealth fund of Oman, has taken a stake in xAI, Elon Musk’s artificial intelligence startup. OIA, which already holds shares in Musk’s SpaceX, announced the deal through the Omani state news agency on […] The post Oman Investment Authority takes stake in Elon Musk’s AI startup xAI first appeared on Tech Startups.

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Oman Investment Authority takes stake in Elon Musk’s AI startup xAI - Tech Startups

Muscat-Atheer  The Oman Investment Authority revealed its latest investment in one of the companies of American businessman Elon Musk. The agency seeks to enhance the diversification of its international investments, and to continue the growth process it is witnessing in its various investment portfolios. The new investment is the acquisition of a stake in xAI, a company specializing in artificial intelligence technologies, which is considered o…

teamtrilife.com

New Omani investment with Elon Musk – Atheer electronic newspaper

MUSCAT : This move marks another milestone in OIA’s strategic expansion into advanced technology sectors, aligning with Oman Vision 2040 and the Sultanate’s aspirations for global innovation leadership. Founded in March 2023, xAI is already among the top five companies in the field of artificial intelligence. The firm aims to develop highly intelligent AI systems capable of understanding, analyzing, and optimizing vast data sets. xAI recently ac…

The Arabian Stories News

Oman Investment Authority announces stake in Elon Musk’s AI company in US - The Arabian Stories News

Oman Investment Authority (OIA) has acquired a stake in US-based artificial intelligence (AI) company xAI, Oman News Agency reported.

Oman's Investment Authority acquires stake in Elon Musk's XAI company, state news says

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