World's richest man Elon Musk's artificial intelligence startup xAI is pouring over $20 billion to build a data center in Southaven, Mississippi, as it looks to take on rivals OpenAI and Anthropic amid rising demand for AI computing power, as per a Reuters report on 9 January. In its report earlier today, Bloomberg said that xAI reported $1.46 billion net loss in the September quarter, compared to $1 billion in the previous one. All we know about xAI's Mississippi data centre The billionaire's AI startup is investing more than $20 billion to build a data center in Southaven, Mississippi. xAI expects to begin data center operations in Southaven in February 2026, Governor Reeves' statement added. Elon Musk had announced the purchase of the data center, called "MACROHARDRR", on December 30.

Source: Mint January 09, 2026 09:50 UTC