- Elon Musk's artificial intelligence company, xAI, has purchased a 1 million-square-foot facility in the Whitehaven area of Memphis, Tennessee, to expand its data center operations. This acquisition is part of xAI's efforts to enhance its AI infrastructure, following the development of the Colossus supercomputer in Memphis. The facility is located near the Tennessee Valley Authority's Southaven Combined Cycle Plant, which will provide power for the data center. The project is expected to create high-paying jobs and contribute to the local economy. However, environmental concerns have been raised due to the significant energy consumption and potential emissions associated with data center operations.
According to the 2020 US census, the population of Memphis, TN was 650,910.
The average property price in Memphis, TN is $146,449.
The property prices in Memphis, TN are currently on an increasing trend.
The average rent value in Memphis, TN is $1,290.
The average household income in Memphis, TN is $68,226.