Elon Musk-owned artificial intelligence firm xai has acquired a 1-million-square-foot property in southwest Memphis, the Greater Memphis Chamber reported on Friday.
The move comes as the startup ramps up plans to expand its Colossus supercomputer—a key component in Musk’s strategy to enhance its AI infrastructure and compete with rivals like Openai.
According to the Chamber, the new property purchase builds on xai’s December announcement outlining an ambitious expansion to house at least one million graphics processing units (GPUs) as part of the Colossus project. The facility is expected to support the growing demand for AI computing power and is described as being “well on the path to the supercluster size” that xai envisions.
The investment is part of a broader trend in the tech industry where companies are scaling up their data center and supercomputing capabilities amid intensifying competition. However, the expansion of AI infrastructure has drawn criticism from environmental activists, who warn that data centers can consume large amounts of energy.
In related developments, the Memphis Chamber noted that xai’s new facility follows an $80 million water recycling plant and features the world’s largest deployment of Tesla Megapacks for data center operations. Additionally, it was reported on Wednesday that Tesla will soon break ground on a 1-million-square-foot factory in Texas to manage and store its Megapack energy products.
xai’s strategic expansion is seen as a significant step in Musk’s broader efforts to solidify his company’s position in the competitive AI landscape, particularly as tensions have risen with competitors in the sector.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
German Finance Minister Lars Klingbeil expressed hope that the G7 will issue a joint communique supporting Ukraine, despite tensions with the US over wording related to the conflict with Russia. Talks also continue on trade issues and sanctions.
Donald Trump’s flagship bill has passed the House. It promises tax cuts, military spending, and deep cuts to social programmes. The price: $2.4 trillion added to the U.S. debt.
Iran has issued a sharp warning to Israel and the United States, threatening to take unspecified "special measures" to defend its nuclear facilities if threatened, just ahead of a new round of nuclear talks in Rome.
Two staff members from the Israeli embassy in Washington, D.C.- Yaron Lischinsky and Sarah Lynn Milgrim were shot and killed on Wednesday night by a lone gunman as they left an event at the Capital Jewish Museum, close to the White House.
Baku hosted the 6th plenary meeting of the UN’s GlobE Network, gathering anti-corruption officials from 92 countries to strengthen global cooperation and chart the network’s next steps.
The suspect in the fatal shooting of two Israeli embassy aides in Washington has been charged with first-degree murder, the U.S. Justice Department confirmed.
Israeli Prime Minister Benjamin Netanyahu has condemned the fatal shooting of two embassy staffers in Washington as a vile act of antisemitic violence, intensifying fears of growing hostility toward Israelis abroad amid mounting global tensions.
G7 finance leaders meeting in Canada pledged to tackle global imbalances and suggested tougher sanctions on Russia, while also taking aim at unfair economic practices widely attributed to China.
A tragic plane crash early Thursday morning shook a quiet residential neighborhood in San Diego, California. According to officials, there are two dead, eight injured.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
AnewZ and Kazakhstan’s Jibek Joly/Silk Way TV channel co-hosted a special AnewZ Talks in Astana at Maqsut Narikbayev University (MNU), uniting global experts and young leaders at Silk Road Media Group’s journalism school to explore the growing intersection of media and diplomacy.
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
The Tehran Dialogue Forum 2025, scheduled for May 18–19, will host 200 international guests, including 40 current and former European officials.
At its inaugural developer conference on Thursday, Anthropic unveiled two new AI models, Claude Opus 4 and Claude Sonnet 4, part of its next-generation Claude 4 family.
Cryptocurrency exchange Coinbase has confirmed that at least 69,461 customers had personal and financial information stolen in a months-long data breach, which the company disclosed last week.
Taiwan's Computex tech show brought together thousands of international participants on Tuesday, showcasing the highly advanced Artificial Intelligence and robotic systems.
Microsoft announced on Monday that it will begin hosting AI models from Elon Musk's xAI, Meta Platforms, and European startups like Mistral and Black Forest Labs in its own data centers.
Xiaomi CEO Lei Jun announced a $6.9 billion investment plan over the next decade to develop advanced chips, unveiling the new Xring O1 system-on-chip this Thursday, aiming to boost the company’s high-end smartphone strategy and reduce reliance on Qualcomm.
Baku hosted the 6th plenary meeting of the UN’s GlobE Network, gathering anti-corruption officials from 92 countries to strengthen global cooperation and chart the network’s next steps.
The suspect in the fatal shooting of two Israeli embassy aides in Washington has been charged with first-degree murder, the U.S. Justice Department confirmed.
Israeli Prime Minister Benjamin Netanyahu has condemned the fatal shooting of two embassy staffers in Washington as a vile act of antisemitic violence, intensifying fears of growing hostility toward Israelis abroad amid mounting global tensions.
G7 finance leaders meeting in Canada pledged to tackle global imbalances and suggested tougher sanctions on Russia, while also taking aim at unfair economic practices widely attributed to China.
A tragic plane crash early Thursday morning shook a quiet residential neighborhood in San Diego, California. According to officials, there are two dead, eight injured.
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