"xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI's large language model."
"The buildout has injected billions into the region, making xAI one of Memphis's most significant private investors and a symbol of the city's high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city's chamber of commerce, highlighted xAI's contribution to the city's economy in a comment to the WSJ. "In one year, xAI has become the second largest taxpayer in the city and county after FedEx," he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated "substantial economic commitment to our region, without any tax incentives.""
xAI has rapidly become a major economic force in Memphis, transforming a defunct Mississippi power plant into a power source for its Colossus and Colossus 2 supercomputers. The Colossi will host over half a million Nvidia chips to develop and refine Grok, xAI's large language model. The buildout has funneled billions into the region, making xAI one of the largest private investors and the city and county's second-largest taxpayer after FedEx, alongside donations to local schools. The company's natural-gas turbines and heavy water and electricity use have prompted scrutiny and environmental concerns from critics.
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