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

(Reuters) - 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 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