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xAI, Elon Musk’s AI agency, has really gotten a 1 million-square-foot residential or industrial property in Southwest Memphis to extend its AI info facility affect, according to a press release from the Memphis Chamber of Enterprise.
The colony will definitely maintain amenities to match xAI’s present Memphis info facility.
” xAI’s procurement of this residential or industrial property ensures we’ll keep on the middle of AI growth, proper beneath in Memphis,” xAI aged web site supervisor Brent Mayo acknowledged in a declaration.
It had not been promptly clear whether or not the expansion was linked to a previously announced lease on a 522-acre web site in Memphis.
xAI is ravenous for AI gear. In keeping with reports, the start-up currently constructed a 2nd info facility in Atlanta with $700 million nicely price of chips and numerous different gadgets. It moreover inked a handle Dell to amass $5 billion nicely price of GPU-packed internet servers.
xAI makes use of its info amenities to teach and run its relations of AI variations, Grok. The agency intends to replace its essential Memphis-based middle, known as Titan, to 1 million Nvidia GPUs sooner or later this yr, up from 100,000 in 2015.
Some locals have really slammed xAI’s ongoing progress in Memphis, suggesting it would actually stress the grid and worsen the situation’s air high-quality. To attempt to win them over, xAI has really given the neighborhood vitality with inexpensive Tesla-manufactured batteries and constructed a water recycling plant.
Partially to cash its AI amenities jobs, xAI is acknowledged to be speaking a few $10 billion spherical of fundraising that will surely worth the agency at $75 billion. xAI shut its last funding round, which peaked at $6 billion, in late 2024.
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