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Capital investment amount for Gigafactory of Compute by end of 2024?
5
Resolution / Starting Odds
Less than $1 billion • 25%
$1 billion - $1.5 billion • 25%
$1.5 billion - $2 billion • 25%
More than $2 billion • 25%
Official financial disclosures from xAI or Greater Memphis Chamber reports
Story
Elon Musk's xAI to Build 'Gigafactory of Compute' Supercomputer Grok in Memphis
Jun 5, 2024, 07:27 PM
Elon Musk's AI startup, xAI, is set to build the world's largest supercomputer in Memphis, Tennessee. Dubbed the 'Gigafactory of Compute,' this facility aims to boost xAI's capacity in the competitive AI industry. The project is expected to be the largest capital investment by a new company in Memphis history. The Greater Memphis Chamber has indicated that xAI may receive tax breaks and other incentives for this development. Memphis Senator Brent Taylor announced the project, highlighting its potential to transform Memphis into a global tech hub. The supercomputer, named Grok, will enhance the city's role in AI and computational power.
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$1-2 billion • 25%
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Less than 500 • 33%
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Less than $9 billion • 33%
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$10 billion to $12 billion • 34%
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Completed • 33%
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