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flag xAI, led by Elon Musk, buys Memphis property for massive AI expansion, aiming for one million GPUs.

flag Elon Musk's AI company, xAI, has bought a 1-million-square-foot property in Memphis to expand its AI data center, aiming to house one million Nvidia GPUs by the end of the year. flag This expansion follows the company's recent construction of a second data center in Atlanta and a $5 billion deal with Dell for GPU-packed servers. flag xAI is also planning a $10 billion fundraising round to support its growth, potentially raising its valuation to $75 billion. flag The company uses these data centers to train and run its AI models, including Grok.

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