Saturday, March 8, 2025
HomeBusinessElon Musk's xAI Acquires 1-Million-Sq.-Foot Property In Memphis For Supercomputer Enlargement -...

Elon Musk’s xAI Acquires 1-Million-Sq.-Foot Property In Memphis For Supercomputer Enlargement – Tesla (NASDAQ:TSLA)



Elon Musk’s AI enterprise xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee.

What Occurred: The brand new funding builds on xAI’s December announcement, the place it detailed plans to scale Colossus to accommodate a minimum of a million GPUs within the state.

The Better Memphis Chamber confirmed on Friday that the challenge is progressing quickly, stating that Colossus is “properly on the trail to the supercluster measurement” as outlined in xAI’s unique enlargement blueprint.

See Additionally: Elon Musk’s Grok AI Silences Trump, Tesla CEO’s Misinformation Claims, Then Backtracks — xAI Blames Former OpenAI Worker

Environmental activists have criticized the enlargement because of the excessive power consumption of information facilities.

Nevertheless, the Memphis Chamber highlighted that xAI’s new facility consists of an $80 million water recycling plant and the world’s largest deployment of Tesla Inc. TSLA Megapacks for information middle operations.

Subscribe to the Benzinga Tech Tendencies e-newsletter to get all the newest tech developments delivered to your inbox.

Why It Issues: Colossus is seen as a crucial element of Musk’s AI technique, as he seeks to compete with OpenAI and different business leaders.

Final 12 months in December, xAI raised $6 billion to broaden its Colossus supercomputer, aiming to extend its GPU depend from 100,000 to over 1,000,000.

Final month, xAI’s AI chatbot Grok, which is about to be built-in into Tesla automobiles, has surpassed opponents like ChatGPT and Google’s Gemini to grow to be the main productiveness app on the App Retailer.

This growth occurred following xAI’s launch of Grok 3, which launched new AI capabilities, together with picture evaluation.

Take a look at extra of Benzinga’s Client Tech protection by following this hyperlink.

Learn Subsequent:

Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.

Photograph courtesy: Shutterstock

Inventory Rating Locked: Need to See it?

Benzinga Rankings offer you important metrics on any inventory – anytime.

Reveal Full Rating

Momentum92.39

Development55.35

High quality94.33

Worth11.03

Market Information and Information dropped at you by Benzinga APIs

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular