Musk's xAI to invest over $20 billion in Mississippi data center
Yahoo Finance·2026-01-09 05:45
Jan 9 (Reuters) - Elon Musk's artificial intelligence startup xAI is investing more than $20 billion to build a data center in Southaven, Mississippi, state Governor Tate Reeves said in a statement on Thursday, as a boom in generative AI fuels demand for increased computing power. Interest in data centers swelled last year as tech giants and AI hyperscalers planned and invested billions of dollars in spending to scale up infrastructure. xAI's latest expansion underscores its ambitious push to compete ...