{"id":120182,"date":"2025-03-08T14:44:58","date_gmt":"2025-03-08T14:44:58","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/elon-musks-xai-acquires-1-million-square-foot-property-in-memphis-for-supercomputer-expansion-tesla-nasdaqtsla\/"},"modified":"2025-03-08T14:44:58","modified_gmt":"2025-03-08T14:44:58","slug":"elon-musks-xai-acquires-1-million-square-foot-property-in-memphis-for-supercomputer-expansion-tesla-nasdaqtsla","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=120182","title":{"rendered":"Elon Musk&#8217;s xAI Acquires 1-Million-Square-Foot Property In Memphis For Supercomputer Expansion &#8211; Tesla (NASDAQ:TSLA)"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.benzinga.com\/files\/images\/story\/2025\/03\/07\/Elon-Musk-xAI-Grok.jpeg?optimize=medium&amp;dpr=1&amp;auto=webp&amp;height=675&amp;width=1200&amp;fit=crop\" \/><\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<p><strong>Elon Musk&#8217;s<\/strong> AI venture <strong>xAI<\/strong> has purchased a 1-million-square-foot property in Southwest Memphis, Tennessee.<\/p>\n<p><strong>What Happened: <\/strong>The new investment builds on xAI&#8217;s December announcement, where it detailed plans to scale Colossus to house at least one million GPUs in the state.<\/p>\n<p>The Greater Memphis Chamber confirmed on Friday that the project is progressing rapidly, stating that Colossus is &#8220;well on the path to the supercluster size&#8221; as outlined in xAI&#8217;s original expansion blueprint.<\/p>\n<p><strong>See Also: <a href=\"https:\/\/in.benzinga.com\/25\/02\/43905475\/elon-musks-truth-seeking-grok-ai-silences-trump-and-tesla-ceos-misinformation-claims-then-backtracksxai-blames-former-openai-employee\">Elon Musk\u2019s Grok AI Silences Trump, Tesla CEO\u2019s Misinformation Claims, Then Backtracks \u2014 xAI Blames Former OpenAI Employee<\/a><\/strong><\/p>\n<p>Environmental activists have criticized the expansion due to the high energy consumption of data centers.<\/p>\n<p>However, the Memphis Chamber highlighted that xAI\u2019s new facility includes an $80 million water recycling plant and the world\u2019s largest deployment of <strong>Tesla Inc. <\/strong><span class=\"ticker\" data-ticker=\"TSLA\" data-exchange=\"NASDAQ\" style=\"display: inline-block;\">TSLA<\/span> <strong>Megapacks<\/strong> for <a href=\"https:\/\/www.benzinga.com\/news\/24\/06\/39199007\/elon-musks-xai-to-take-on-tech-giants-microsoft-google-and-openai-with-planned-memphis-supercomputer\">data center operations<\/a>.<\/p>\n<p><em>Subscribe to the\u00a0<\/em><a href=\"https:\/\/bztechtrends.beehiiv.com\/subscribe\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Benzinga Tech Trends newsletter<\/em><\/a><em>\u00a0to get all the latest tech developments delivered to your inbox.<\/em><\/p>\n<p><strong>Why It Matters:<\/strong> Colossus is seen as a critical component of Musk&#8217;s AI strategy, as he seeks to compete with <strong>OpenAI<\/strong> and other industry leaders.<\/p>\n<p>Last year in December, <a href=\"https:\/\/www.benzinga.com\/tech\/24\/12\/42358400\/elon-musks-xai-raises-6b-for-the-2nd-time-this-year-as-it-looks-to-take-the-challenge-to-openai-google-and-jeff-bezos-backed-anthropic\">xAI raised $6 billion<\/a> to expand its Colossus supercomputer, aiming to increase its GPU count from 100,000 to over a million.<\/p>\n<p>Last month, xAI\u2019s AI chatbot <strong>Grok<\/strong>, which is set to be <a href=\"https:\/\/www.benzinga.com\/tech\/25\/01\/42867252\/xais-grok-chatbot-to-be-integrated-into-tesla-vehicles-soon-says-elon-musk\">integrated into Tesla vehicles<\/a>, has surpassed competitors like <strong>ChatGPT<\/strong> and <strong>Google\u2019s Gemini<\/strong> to become the leading <a href=\"https:\/\/in.benzinga.com\/tech\/25\/02\/43841642\/elon-musks-grok-overtakes-openais-chatgpt-google-gemini-and-chinas-deepseek-as-the-leading-productivity-app-on-apples-app-store\">productivity app on the App Store<\/a>.<\/p>\n<p>This development happened following xAI&#8217;s <a href=\"https:\/\/in.benzinga.com\/tech\/25\/02\/43761023\/elon-musks-xai-to-unveil-grok-3-on-monday-as-ai-race-with-chatgpt-parent-openai-and-chinas-deepseek-heats-up\">release of Grok 3<\/a>, which introduced new AI capabilities, including image analysis.<\/p>\n<p><em>Check out more of Benzinga&#8217;s Consumer Tech coverage by\u00a0<\/em><a href=\"https:\/\/www.benzinga.com\/topic\/consumer-tech\" target=\"_blank\" rel=\"noreferrer noopener\"><em>following this link<\/em><\/a><em>.<\/em><\/p>\n<p><strong>Read Next:<\/strong><\/p>\n<p><strong><em>Disclaimer<\/em>:<\/strong><em>\u00a0This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/em><\/p>\n<p><em>Photo courtesy: Shutterstock<\/em><\/p>\n<\/div>\n<div class=\"flex md:hidden flex-col gap-4 w-full max-w-[450px] my-4 mx-auto\">\n<div class=\"sc-ZxepX iSqHfk article-header-ticker-list\">\n<div class=\"flex flex-col w-full\">\n<div class=\"article-header-main-ticker\">\n<div class=\"mb-1\">\n<div class=\"sc-fNOJtn dQsJya flex flex-col\">\n<div class=\"sc-knCJfg eyvFTa layout-dark relative\">\n<div class=\"bg-[#192940cc] flex flex-col items-center justify-center px-6 edge-banner\">\n<h3 class=\"text-white\">Stock Score Locked: Want to See it?<\/h3>\n<p class=\"text-white\">Benzinga Rankings give you vital metrics on any stock \u2013 anytime.<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/premium\/ideas\/benzinga-edge?adType=stockwidget&amp;campaign=ranking&amp;ad=rankingv1\" class=\"sc-hhyKGa lckOOn flat-blue md\" type=\"button\"><span>Reveal Full Score<\/span><\/a><\/div>\n<div class=\"paywalled \">\n<div class=\"flex justify-between mt-1 w-full\">\n<p><span class=\"item-label\">Momentum<\/span><span class=\"text-green-500 item-value\">92.39<\/span><\/p>\n<p><span class=\"item-label\">Growth<\/span><span class=\"text-yellow-500 item-value\">55.35<\/span><\/p>\n<p><span class=\"item-label\">Quality<\/span><span class=\"text-green-500 item-value\">94.33<\/span><\/p>\n<p><span class=\"item-label\">Value<\/span><span class=\"text-red-500 item-value\">11.03<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s AI venture xAI has purchased a 1-million-square-foot property in Southwest Memphis, Tennessee. What Happened: The new investment builds on xAI&#8217;s December announcement, where it detailed plans to scale Colossus to house at least one million GPUs in the state. The Greater Memphis Chamber confirmed on Friday that the project is progressing rapidly, stating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":120183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[53119,11354,18923,2165,23391,35182,11332,14928,53120,11331,46239],"dealstore":[],"offerexpiration":[],"class_list":["post-120182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-1millionsquarefoot","tag-acquires","tag-elon","tag-expansion","tag-memphis","tag-musks","tag-nasdaqtsla","tag-property","tag-supercomputer","tag-tesla","tag-xai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk&#039;s xAI Acquires 1-Million-Square-Foot Property In Memphis For Supercomputer Expansion - Tesla (NASDAQ:TSLA) - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=120182\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk&#039;s xAI Acquires 1-Million-Square-Foot Property In Memphis For Supercomputer Expansion - Tesla (NASDAQ:TSLA) - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Elon Musk&#8217;s AI venture xAI has purchased a 1-million-square-foot property in Southwest Memphis, Tennessee. 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