The spelling of the word "olai" can be a bit confusing. The correct pronunciation is /oʊˈlaɪ/. The first part of the word, "o" is pronounced like the letter "o" in the English alphabet. The second part, "lai," is pronounced with a long "i" sound as in "eye." Together, the word is pronounced as "oh-lie." Paying attention to the IPA phonetic transcription can help ensure that "olai" is spelled correctly and pronounced accurately.