MUSCAT: The Oman Investment Authority (OIA) has made a strategic investment in xAI, a leading artificial intelligence company, marking a significant milestone in the Sultanate’s technological advancement. This move aligns with Oman Vision 2040, positioning the country as a global leader in innovation and technology. The investment reflects OIA’s commitment to diversifying its portfolio into high-growth sectors, such as AI, that are central to future economic and technological developments.
Founded in March 2023, xAI has quickly risen to prominence, ranking among the top five companies in the artificial intelligence sector. The company focuses on developing cutting-edge AI systems capable of analyzing and optimizing complex data sets. With its advanced technology and robust growth trajectory, xAI is poised to lead the next generation of AI innovations that will revolutionize industries worldwide.
Recently, xAI achieved two significant breakthroughs: the establishment of a state-of-the-art data center in the United States and the launch of its advanced AI platform, “2-Grok.” These developments underscore the company’s ability to push the boundaries of artificial intelligence and provide world-class solutions to its clients. The new platform, in particular, promises to enhance data analytics and decision-making processes for businesses globally.
His Excellency Abdul Salam bin Mohammed Al Marshadi, Chairman of OIA, emphasized the importance of this investment in supporting Oman’s growth. He noted that the successful relationship built with Elon Musk over the years has facilitated this collaboration. The investment in xAI ensures that Oman can access world-leading technologies, reinforcing its progress toward achieving the goals set out in Oman Vision 2040.
