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

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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.

xAI aims to develop AI technologies that contribute to a deeper understanding of the universe. The company focuses on building AI systems to accelerate human scientific discovery

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.

Reporting by Jana Choukeir

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