Elon Musk-owned artificial intelligence firm xAI has bought a 1-million-square-foot property in Southwest Memphis, Tennessee, the Greater Memphis Chamber said on Friday, as the startup looks to expand its AI infrastructure amid intensifying competition in the industry.

AI, Elon Musk's AI company, has acquired a one-million-square-foot property in Southwest Memphis to expand its AI data center footprint.

S ince OpenAI launched its ChatGPT model in late 2022, AI remains the biggest revolution to hit Wall Street, and arguably society. Musk was one of the cofounders of OpenAI, but in

AI has acquired a 1 million-square-foot facility in Southwest Memphis, which is expected to help in the planned expansion of its supercomputer.

This significant expansion by xAI reinforces Memphis’s position as a premier destination for technological innovation,” said Ted Townsend, President and CEO of the Greater