Elon Musk’s xAI is building an Artificial Intelligence Center in a Phoenix Investors facility in Memphis, Tennessee; Phoenix purchased the 785,000-square-foot facility in December 2023 from Electrolux Group. With this investment, Memphis will be home to the world’s largest supercomputer. The project is expected to open in late 2024 and boost jobs and economic activity in the Memphis area.

Check out the full article by Neil Strebig at Commercial Appeal.

Frank P. Crivello is a Milwaukee-based developer and Chairman & Founder of Phoenix Investors.