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

By Thomson Reuters Dec 18, 2024 | 4:44 AM

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.

(Reporting by Jana Choukeir, Editing by Louise Heavens)