xAI Raises $6 Billion Series C for Memphis Supercluster Expansion
β’ Elon Musk's xAI closed a $6 billion Series C on April 25, 2026, backed by Sequoia and a16z, to build a 100,000-GPU supercluster in Memphis, Tennessee. β’ Funding supports Grok-3 development, targeting 5x faster inference than GPT-5, with first phase online by December 2026. β’ Initiative aims to repatriate AI compute to US soil, creating 1,200 high-tech jobs amid national security concerns over overseas data centers.
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