Loading...
Market
Will xAI's Gigafactory of Compute reach $1 billion in investment by end of 2025?
5
Elon Musk•xAI•Memphis•Tennessee•Gigafactory of Compute•Electrolux•Brent Taylor•Greater Memphis Chamber•Ted Townsend
Resolution / Starting Odds
Yes • 50%
No • 50%
Financial reports from xAI or credible news sources
Story
Elon Musk's xAI to Build Multibillion-Dollar 'Gigafactory of Compute' in Memphis
Jun 5, 2024, 07:58 PM
Elon Musk's AI startup, xAI, has announced plans to build the world's largest supercomputer in Memphis, Tennessee. Dubbed the 'Gigafactory of Compute,' this facility is expected to be the largest capital investment by a new company in Memphis history, located at the Electrolux facility. The project, which is a multibillion-dollar investment, is anticipated to transform Memphis into a global tech hub, significantly boosting the city's economy. Memphis Senator Brent Taylor and Greater Memphis Chamber CEO Ted Townsend have been instrumental in securing this investment, which could also see xAI receiving tax breaks and other incentives. The supercomputer will enhance xAI's capacity in the race to develop advanced AI-powered tools, including chatbots.
View original story
Similar markets
Less than $1 billion • 25%
$1 billion - $1.5 billion • 25%
$1.5 billion - $2 billion • 25%
More than $2 billion • 25%
Yes • 50%
No • 50%
$1-2 billion • 25%
$2-3 billion • 25%
$3-4 billion • 25%
Over $4 billion • 25%
Q3 2024 • 25%
Q4 2024 • 25%
Q1 2025 • 25%
Q2 2025 • 25%
Less than $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
More than $10 billion • 25%
