Elon Musk’s xAI to Develop New Supercomputer in Memphis
- Startup could receive tax breaks and other business incentives
- New facility would come on the heels of $6 billion fundraising
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Elon Musk’s xAI plans to develop a new facility in Memphis to house a giant supercomputer, a move by the artificial intelligence startup to boost its capacity in the race to build and offer chatbots and other AI-powered tools.
Musk and his team at xAI have been working with officials in the Tennessee city since early March to plan the new factory, which would be the “largest multibillion-dollar investment in the city of Memphis’s history,” said Ted Townsend, president of the Greater Memphis Chamber, a local nonprofit funded by the city’s private business community.