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Elon Musk is fit to walk down Beale Street.
Memphis, the home of the blues, is also expected to be home to what officials call “the world’s largest supercomputer,” which will force Musk’s xAI. Ted Townsend, president and CEO of the Greater Memphis Chamber, described the deal as the largest multimillion-dollar settlement. -Equity investment in dollars through a new company in the market in the history of Memphis.
Despite the high financial cost of the agreement, it will generate an avalanche of new jobs in the region. The Memphis Business Journal reports that this figure will range from a few hundred to a few hundred.
The xAI supercomputer, Thompson says, will be used “to force and fund the AI area for all of his [Musk’s] companies in the first position, clearly with Tesla and SpaceX. If you can believe the computing force needed to position humans on the surface of Mars, it will take a position here in Memphis. “
Tennessee is already home to the world’s toughest computer, located in the eastern part of the state. Hewlett Packard Enterprise’s Frontier is capable of performing 1,000,000,000,000,000,000 (or 1 quintillion) of calculations per second. It’s a computer like this that helped the scientists. Design drugs for COVID-19.
It is debatable whether Musk will keep the name of world leader for long. Aurora, which is being built outside Chicago, will be able to perform 2 billion (technically, 2 quintillion) operations in a single moment when fully operational. This is expected to take place later this year.
Memphis hopes to become a bigger player in the tech space, and Musk’s choice of the city may give it a boost. Musk founded xAI last year and claimed that investors have invested up to $6 billion in the company so far.
This short story originally appeared in Fortune. com