Musk's xAI Secured Oman Investment
Oman Investment Authority (OIA) acquired an undisclosed stake in Elon Musk’s company xAI.
Microsoft agreed to sell software company Metaswitch to cloud player Alianza. The parties did not disclose the financial details, and the deal is expected to close in the first quarter of 2025.
Microsoft bought virtualized network software and voice, data, and communications specialist Metaswitch in 2020 as part of a drive to up its role in the then-emerging 5G ecosystem. Although now offloading the asset, Microsoft corporate VP Yousef Khalidi said the telecoms industry remains a priority for the company, adding they will continue to empower telecom operators to modernize, monetize, and innovate through their secure AI platform. “As we advance our cloud platform and AI capabilities, partners like Alianza are crucial for providing support to our mutual customers,” the executive added.
Alianza already provides cloud communications services to operators and plans to integrate Metaswitch’s voice and communications software services and IP protocol into its range. Including the assets being acquired, it will have a customer base of more than 1,000 communications service providers, including 19 of the top 20 operators, the company stated in the acquisition announcement. Alianza noted its upgraded comprehensive portfolio of services would streamline the path to a cloud-orchestrated, AI-powered communications future for customers.