The artificial intelligence sector that minted 600,000 new millionaires in 2023 appears to be entering its second phase, as evidenced by today's announcement of a massive expansion in Memphis, Tennessee. Elon Musk's xAI has acquired an additional 1-million-square-foot facility, signaling an acceleration in the race toward artificial superintelligence.
The Greater Memphis Chamber confirmed xAI's acquisition of the new facility in Southwest Memphis, building upon their existing Colossus supercomputer infrastructure. This expansion follows December's announcement of plans to house one million graphics processing units (GPUs) in the state, marking a significant escalation from their current 200,000-unit capacity.
Memphis Light, Gas and Water is currently reviewing a 260-megawatt study for the new facility, while building a 150-megawatt substation for xAI's first phase. These power requirements dwarf typical data center needs, highlighting the massive scale of this AI infrastructure buildout.
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The World's Two Most Powerful Men [Watch NOW]While everyone is talking about Donald Trump and Elon Musk's plans to overhaul the U.S. federal government with the new Department of Government Efficiency ("D.O.G.E."), almost no one is talking about the biggest story of all. It will change America forever. And it could reap fortunes for investors who make the right moves today. 
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Behind this expansion lies a crucial technology provider whose solutions enable these hundreds of thousands of processors to work as a unified system. This under-the-radar company has quietly secured partnerships with 98% of Fortune 500 companies, becoming essential to virtually every major AI initiative in America.
Leading analysts project AI could generate $20 trillion in annual wealth by 2030, with some computer scientists estimating up to $14 quadrillion in value creation over the next two decades. The current expansion in Memphis suggests these projections may be conservative.
As this second wave of AI development unfolds, investment opportunities may surpass those of the initial boom. While major tech giants captured most attention in the first phase, industry experts suggest the real opportunities now lie with the essential technology providers enabling this expansion. With major policy changes expected in early 2025 that could remove key AI development restrictions, many analysts believe the window for early positioning in this sector may be closing rapidly.
Reuters
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Dear Reader, He built the world's fastest car. He builds starships faster – and cheaper – than NASA. He creates chips that connect peoples' brains to the Internet. But what Elon Musk is planning at a remote facility in Memphis may be his greatest achievement to date. Because now, he is targeting the world's most powerful technology… And doing it bigger – and better – than everyone else. In short… I believe Elon Musk – through his new partnership with Donald Trump, the world's most powerful man… Is about to take America to the next level. By the way, this has nothing to do with Tesla, SpaceX, Neuralink or any of Elon's businesses you've likely heard of. This is bigger. And it could create fortunes for investors who know how to play it. |
billion in contract adjustments... .6 million in lease terminations... And that's just the start. DOGE's efficiency mandate is reshaping federal spending faster than anyone anticipated...
The Department of Government Efficiency wasn't on anyone's radar until now. But with Elon Musk at its helm - and two new AI supercomputers just deployed at Tesla's Austin HQ...
Wall Street wasn't prepared... The immediate implementation of new trade duties sent markets into overdrive, with tech stocks leading an unexpected rally.
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