It's a bit of an oddity to say a $6 billion investment came out of nowhere, yet given how fast the xAI deal came together here in Memphis, the metaphor holds some weight to it. In June 2024 ...

In a series C investment round, Elon Musk’s artificial intelligence venture xAI raised $6 billion. This adds to the $6 billion chunk xAI raised in May, making the total cash raised $12 billion.

The xAI facility will be doubling its energy demand from 150 to 300 megawatts between its first two phases — at least, that's how Memphis Light, Gas & Water (MLGW) has explained it. On Tuesday ...

xAI, the two-year-old AI company founded by Musk, signed on to a data center deal in Atlanta that local authorities had been negotiating with X for more than a year. The 10-year agreement ...