Oman Investment Authority Acquires Stake in XAI

In a recent development, the Oman Investment Authority (OIA) has announced its acquisition of a significant stake in XAI, the artificial intelligence company owned by tech mogul Elon Musk. This strategic move by OIA, which also holds shares in Musk's SpaceX, underscores the growing interest in cutting-edge technology and innovation.

Expanding Portfolio

As the integrated sovereign wealth fund of Oman, OIA's investment in XAI adds another prestigious name to its diverse portfolio. This step not only reflects the fund's forward-looking strategy but also its commitment to fostering technological advancements and economic growth.