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Elon Musk’s AI company, xAI, acquires 1 million-square-foot property in Memphis

Posted on March 9, 2025

Z, Elon Musk’s AI Company, has obtained 1 million square feet property in southwestern Memphis to enhance its AI data center footprint, According to a press release From the Memphus Chamber of Commerce.

The new land will host the infrastructure to complete the existing refinement data center.

“The acquisition of this property of Zai,” said Brent Mayo, a senior site manager of ZK, ensures that we will be at the forefront of the AI ​​innovation here, in the Memphis.

It was not immediately clear that the extension was concerned with someone Was previously announced Lease on 522 acres of site in Memphis.

Zee is hungry for AI hardware. According to ReportsStartup recently built another data center in Atlanta that contained 700 million worth of chips and other goods. This too Ink A contract to buy servers filled with GPU worth 5 billion with Dell.

Zee uses his data centers to train and run its AI models, Grook’s own family. The company plans to upgrade its basic refusal, called Collasus, at some time this year to a 1 million Nvidia Gpus, which was more than 100,000 last year.

Some residents have criticized Xi’s continuous expansion in Memphis, and discussing that it will put pressure on the grid and Corrupt The air quality of the area. To try to win them, Zee has provided local utility with batteries made from discount Tesla and built a water recycling plant.

To partially fund its AI infrastructure projects, Xi has discussed $ 10 billion in fundraising, which will value the company $ 75 billion. Zi shut it off Last funding roundWhich was at the end of 2024, at the top of $ 6 billion.

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