Elon Musk’s AI company, xAI, acquires one-million-square-foot property in Memphis

xAI, Elon Musk’s AI company, has acquired a one-million-square-foot property in Southwest Memphis to expand its AI data center footprint, according to a press release from the Memphis Chamber of Commerce. The new land will host infrastructure to complement xAI’s existing Memphis data center. “xAI’s acquisition of this property ensures we’ll remain at the forefront of AI innovation, right here in Memphis,” xAI senior site manager Brent Mayo said in a statement. It wasn’t immediately clear whether the expansion was related to a previously announced new 522-acre lease in Memphis. xAI is hungry for AI hardware. According to reports, the startup recently built a second data center in Atlanta with $700 million in chips and other equipment. It also inked a deal with Dell to buy $5 billion worth of GPU-packing servers. xAI uses its data centers to train and run its family of AI models, Grok. The company plans to upgrade its primary Memphis-based facility, called Colossus, to 1 million Nvi ... Read full article.