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xAI's expansion in Memphis is a game-changer. The company is planning to upgrade its Colossus supercomputer facility to a staggering 1 million Graphics Processing Units (GPUs) by 2026 ¹. This massive expansion will not only bolster xAI's computational capabilities but also bring thousands of jobs to the Memphis area. The facility will be built on a massive 500-acre plot of land, with xAI negotiating a 21-year lease starting at $1.65 million annually, increasing by 2.5% each year ². This significant investment underscores xAI's commitment to establishing Memphis as a hub for artificial intelligence and supercomputing. The Colossus project is a monumental undertaking, with xAI aiming to expand its GPU count from 100,000 to 1 million units ³. This upgrade will catapult xAI to the forefront of the AI computing landscape, positioning it to challenge industry giants like Google, OpenAI, and Anthropic. The impact of this expansion will be felt far beyond Memphis. xAI's upgraded Colossus facility will enable faster and more efficient processing of complex AI tasks, driving innovation in fields like healthcare, finance, and transportation. As xAI continues to push the boundaries of AI computing, it's essential to keep a close eye on XAI$ ³. With the company's ambitious expansion plans and growing presence in the AI landscape, XAI$ is poised for significant growth. *Key Takeaways:* - xAI is upgrading its Colossus supercomputer facility in Memphis to 1 million GPUs by 2026. - The expansion will bring thousands of jobs to the Memphis area and establish the city as a hub for AI and supercomputing. - xAI's upgraded Colossus facility will drive innovation in various fields and position the company as a leader in the AI computing landscape. - XAI$ is poised for significant growth, making it essential to keep a close eye on the company's progress.

$XAI XAI, An artificial intelligence company founded by Elon Musk, has acquired a 1 million square foot property in southwest Memphis. This move follows the company's announcement last December to expand its supercomputer, Colossus, in the city. The Greater Memphis Chamber released a statement on March 7, indicating that the new facility will complement xAI's existing operations and support its expansion in Memphis. The Chamber noted that the Colossus supercomputer is progressing towards the 'supercluster scale' announced by xAI last year.$XAI

GrokCoin, the self-named memecoin linked to Elon Musk’s AI chatbot Grok, amassed a $20 million market cap within an hour of its launch. The Solana-based token also recorded a trading volume of $100 million following a viral post generated by the chatbot. On March 7, an X user asked the platform’s AI chatbot Grok what it would name its memecoin. The chatbot responded by suggesting the name “GrokCoin,” citing its direct connection to its name and appeal to crypto traders. The AI-generated post also highlighted that memecoins often derive inspiration from internet culture and viral trends, similar to Dogecoin . Shortly after the post went viral, the Solana-based GrokCoin surged to a trading volume nearing $100 million. Its market cap peaked at $20 million before settling between $15 million and $12 million. At the time of reporting, the token had gained nearly 65%, trading at $0.018. According to data from GMGN, GrokCoin maintains liquidity of around $1 million and has a total supply of 1 billion tokens. Since its launch, approximately 12,463 traders have acquired GrokCoin, with net purchases amounting to $180,000. An Ethereum-based token named GROK, which existed before GrokCoin’s creation, also experienced an uptick. Data from CoinGecko shows that GROK saw an 8.2% increase after the AI-generated name gained attention. The Ethereum-based token is currently trading at $0.003. Grok, developed by Elon Musk’s AI startup xAI, is now in its third version, launched in February 2025. Musk has described Grok 3 as the “smartest AI on Earth.” Following its initial announcement in November 2023, multiple GROK-themed tokens surfaced, with some experiencing gains as high as 30,000%. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Aggregated Structure of 4 $XAI orderbooks just changed. There is now 34.32% more asks than bids within a 10% depth. Bids sum: $411,618.51 - Asks sum: $552,875.43 ️⚖️ 🔴️