MUSCAT: The Oman Investment Authority (OIA) announced on Wednesday its acquisition of a stake in the US company XAI, specializing in artificial intelligence (AI) technology, to benefit from its global leading innovations in various fields. OIA Chairman Abdulsalam Al-Murshidi stated that this move aligns with the Authority’s strategy to invest in advanced technologies across diverse sectors. XAI aims to lead AI technology by understanding and analyzing real-time data, a feature lacking in many competing models, he added. The platform provides advanced tools and comprehensive analytics to help users explore and improve AI models, processing a wide range of visual data, including documents, charts, graphs, and photographs, he explained. Meanwhile, Tesla and SpaceX CEO Elon Musk, through video conference, stated that the partnership with XAI will yield results in developing super-intelligent AI capable of solving numerous problems. He also mentioned that the company is nearing completion of training the “Grok 3” model, which will be the smartest AI model in the world. XAI is one of Musk’s companies and ranks among the top five in its field, having achieved milestones such as the creation of a massive data center in the US and the launch of the upgraded “Grok 2” platform. The new version of Grok 2 is three times faster than its predecessor, with improved answer accuracy, task execution precision, and multilingual support. OIA is also a shareholder in SpaceX, Musk’s space technology company which owns the Starlink satellite communication system. —KUNANoneBill responding to drone sightings is blocked in the Senate
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NoneMumbai, Dec 28 (PTI) The Maharashtra Institution for Transformation (MITRA) should work as a guiding force for boosting priority sectors so that the state maintains its reputation of being the leader in the country, Chief Minister Devendra Fadnavis said on Saturday. During a meeting at the Sahyadri Guest House in south Mumbai, he listed mining, group farming, solar energy projects and bio-fuel as among the priority sectors, a government press release said. MITRA should work as a guiding force for giving a fillip to the priority sectors, it said, quoting Fadnavis. The state has set up MITRA along the lines of NITI Aayog. The CM talked about group farming and said there are presently 400 such groups in the state and most of them have performed well. The integrated benefits of the schemes under the agriculture, water resources, horticulture, marketing and other allied departments will be passed on to farmers to make them economically and socially capable, he said. Fadnavis called for efforts to reduce the fiscal deficit and pitched for consolidation of assets, convergence of various schemes, expediting water conservation projects, and state data and mining policies for Maharashtra’s overall development, the release said. The CM also took stock of the Jayakwadi solar project, the production of biogas from agricultural waste, and the international zoo at Gorewada in Nagpur district, it added. (This story has not been edited by THE WEEK and is auto-generated from PTI)
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