Elon Musk's xAI is rapidly expanding its operations in Memphis, including a tenfold increase in its Colossus supercomputer's capacity. To meet its growing energy and water demands, xAI is building ...

That’s a small fraction of the 200,000 Nvidia chips xAI has installed in Colossus, the supercomputer it uses to power its AI models. In the X post announcing the acquisition, Sastry wrote that ...

The acquisition is expected to help xAI continue its planned expansion of its Colossus supercomputer. Update: This story has been updated with comments from Memphis Light, Gas and Water and ...

The acquisition was an all-stock transaction for $45 billion with the combined company now valued at $80 billion, according to Elon Musk.

The companies are being combined in an all-stock deal that values xAI at $80 billion and X at $33 billion, factoring in the social network's $12 billion debt.