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- Elon Musk's artificial
intelligence startup XAI now has an

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intended home for its
Unbuilt supercomputer.

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Ted Townsend, president

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of the Greater Memphis Chamber
set in a press briefing on

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Wednesday that Musk
chose Memphis, Tennessee

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for his gigafactory of compute,

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the world's largest supercomputer.

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- X AI's Gigafactory of compute,

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the world's largest supercomputer is

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to be located in Memphis, Tennessee.

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- Townsend continued

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by saying the factory could
one day be the largest

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multi-billion dollar
investment in the city

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of Memphis's history, adding that musk

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and XI have been working with
Memphis officials since March

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to make plans for the facility.

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The city has considered
offering XAI tax breaks

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or other incentives to move to Memphis.

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However, estimates of the
total cost of the factory

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and the theoretical number

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of jobs it'll create will
come at a later date.

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Townsend said in May,
the information reported

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that Musk pitched investors on X'S plans

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to build a supercomputer

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to power its artificial
intelligence chat bot grok.

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In an internal presentation
seen by the publication,

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Musk reportedly said he wanted
this supercomputer to be up

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and running by next fall.

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He also reportedly said XAI
was considering a partnership

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with Oracle to build the
supercomputer in May XII announced

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it had raised $6 billion
in a series B funding round

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that included investors
such as Andreessen Horowitz,

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Sequoia Capital, and Saudi
Arabia's Public Investment Fund.

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The company open source, its Che Sheet.

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PT rival Grok in March

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after Musk sued his former company, OpenAI

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over its multi-year
multi-billion dollar partnership

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with Microsoft Musk's lawsuit
argues the company's deal

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with the tech giant betrays
its founding commitment

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of putting benefits to
humanity over profit.

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Meanwhile, Musk, who is also
the chief executive of Tesla,

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reportedly asked Nvidia
to prioritize its shipment

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of AI chips to x and X AI over
the electric vehicle company.

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Thanks for watching,
and stick with qz.com.