Thursday, October 16, 2025
HomeTradingElon Musk's xAI Acquires 1-Million-Sq.-Foot Property In Memphis For Supercomputer Growth -...

Elon Musk’s xAI Acquires 1-Million-Sq.-Foot Property In Memphis For Supercomputer Growth – 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 no less than a million GPUs within the state.

The Better Memphis Chamber confirmed on Friday that the mission is progressing quickly, stating that Colossus is “nicely on the trail to the supercluster dimension” 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 vitality consumption of knowledge 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 knowledge middle operations.

Subscribe to the Benzinga Tech Traits publication to get all the most recent tech developments delivered to your inbox.

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

Final 12 months in December, xAI raised $6 billion to develop its Colossus supercomputer, aiming to extend its GPU rely from 100,000 to over one million.

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

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

Try 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.

Picture courtesy: Shutterstock

Inventory Rating Locked: Need to See it?

Benzinga Rankings provide you with important metrics on any inventory – anytime.

Reveal Full Rating

Momentum92.39

Progress55.35

High quality94.33

Worth11.03

Market Information and Knowledge delivered to you by Benzinga APIs

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments