Musk's xAI Secured Oman Investment

Oman Investment Authority (OIA) acquired an undisclosed stake in Elon Musk’s company xAI. The investment came a few months after the news emerged that Musk was seeking new investors.

The Middle Eastern country’s official news agency revealed the investment, reporting it is part of OIA’s ongoing efforts to diversify its international portfolio and support growth across various sectors. OIA pointed to two significant milestones achieved by xAI, including the establishment of a major data center in the US and the rollout of its AI chatbot Grok and Grok-2.

These developments are expected to strengthen the company’s market position further and boost the returns on OIA’s investment. Commenting on the move, Musk said the partnership between Oman and the Gulf countries with xAI is an excellent idea. “These investments will bear fruit as we work together to build a super-intelligent AI capable of solving numerous problems.” He added the company was nearing completion of training the Grok-3 model, “which we believe will be the smartest AI model in the world.”