Official financial disclosures from xAI or credible financial news reports

Musk's xAI to Invest Tens of Billions in Memphis Supercomputer, Aiming for 1 Million GPUs

Dec 5, 2024, 02:50 AM

Elon Musk's artificial intelligence startup, xAI, has announced plans to significantly expand its Colossus supercomputer facility in Memphis, Tennessee. The expansion aims to increase the number of graphics processing units (GPUs) from the current 100,000 to at least one million, making it potentially the largest supercomputer in the world. This move is part of xAI's strategy to leap ahead of rivals like Google, OpenAI, and Anthropic. The expansion will involve a substantial investment, likely in the tens of billions of dollars, and will bring operations from Nvidia, Dell, and Supermicro Computer to Memphis. The Greater Memphis Chamber has confirmed the expansion, highlighting its historic significance for the city's technological landscape.