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

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2024.12.18 06:00

© Reuters. FILE PHOTO: xAI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

DUBAI (Reuters) – 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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