Oman Investment Authority (OIA), the sultanate’s sovereign wealth fund, has invested in Neuralink, Elon Musk’s brain–computer interface company, as part of its strategy to diversify into advanced medical technologies and other innovative sectors, the fund said Wednesday. The investment amount was not disclosed.
Founded in 2016 and based in the United States, Neuralink develops implantable neural devices designed to enable direct communication between humans and computers and to treat complex neurological conditions such as stroke and amyotrophic lateral sclerosis (ALS).
The company has implanted devices in 21 patients as of early this year and aims to complete 1,000 procedures by year-end.
The move follows OIA’s December 2024 investment in Musk’s artificial intelligence startup xAI. OIA is also a shareholder in SpaceX, the aerospace company behind the Starlink satellite communications network.