AI Company on Elon Musk, XAI, acquires a property of 1 million square meters in Memphis

XAI, AI Company of Elon Musk, acquired a 1 million square meter property in southwestern memphis to expand its AI Data Center imprint, According to a press release from the Chamber of Commerce in Memphis.

The new land will host the infrastructure to supplement the existing MEMPHIS Data Center of XAI.

“The acquisition of this XAI property guarantees that we will remain at the head of AI Innovation, right here in Memphis,” said Senior Site Manager of XAI Brent Mayo.

It was not clear immediately whether the expansion was linked to a earlier Hire 522 acres of memphis.

XAI is hungry for AI hardware. According to reportsThe launch recently built a second Atlanta data center with chips worth $ 700 million and other equipment. She too ink DELL deal to buy $ 5 billion GPU servers.

XAI uses its data centers to train and manage its family from AI models, Grok. The company plans to update its main facility, based in Memphis, called Colossus, up to 1 million NVIDIA GPU sometime this year, compared to 100,000 last year.

Some residents criticize the prolonged expansion of XAI in Memphis, claiming it will strain the network and worsen The air quality in the area. In order to try to win them, XAI provided the local utility program with discounted batteries manufactured by Tesla and build a water recycling plant.

In part, the funding of its AI infrastructure projects, XAI is said to be discussing a $ 10 billion raising a fund that would estimate the company of $ 75 billion. Xai closed your Last Financing Roundwhich exceeded $ 6 billion at the end of 2024