XAI, the company of Elon Musk, acquired a property of 1 million square feet in the southwest of Memphis to extend its IA data center, According to a press release from the Memphis Chamber of Commerce.
The new land will host the infrastructure to complete the existing Memphis data center in XAI.
“The acquisition by XAI of this property guarantees that we will remain at the forefront of AI innovation, here in Memphis,” said the main director of the XAI site, Brent Mayo, in a press release.
It was not immediately clear if the expansion was linked to a previously announced Rental on a site of 522 acres in Memphis.
XAI is hungry for AI equipment. According to reportsThe startup recently built a second data center in Atlanta with $ 700 million in fleas and other equipment. He too ink An agreement with Dell to buy $ 5 billion in servers filled with GPU.
XAI uses its data centers to train and manage their family of AI models, Grok. The company plans to upgrade its main installation based in Memphis, called Colossus, to 1 million Nvidia GPUs this year, against 100,000 last year.
Some residents have criticized Xai’s continuous expansion in Memphis, arguing that she will try the grid and worse the air quality of the region. In an attempt to win them, XAI provided the local service of batteries at reduced Tesla-Fabricated prices and builds a water recycling plant.
Partly to finance its IA infrastructure projects, XAI would discuss a cycle of $ 10 billion in fundraising that would appreciate the company at $ 75 billion. XAI closed its last round of funding, which exceeded $ 6 billion in late 2024.
