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(The Center Square) – Elon Musk’s xAI will build what it says will be the world’s largest supercomputer in Memphis. The company calls it “the largest capital investment by a new company in Memphis history,” but did not reveal what tax incentives, if any, the company will receive in connection with the project.

The Memphis Chamber of Commerce announced the plan, but no details on the investments or incentives. Chamber President and CEO Ted Townsend said the final number of jobs and total investment are still being calculated, but the project will open later this year, according to the Memphis Commercial Appeal.

The announcement said the building was owned by Phoenix Investors, and several media outlets reported that it would be located on a former Electrolux system at 3231 Paul Lowry Road.

The announcement said the project must be approved by the Memphis Shelby County Economic Development Growth Engine, the Tennessee Valley Authority and “government agencies.”

The announcement did not specify the extent to which these companies would contribute to the project.

“The company expects to create high-quality jobs after completion of the first phase and to have the opportunity for larger investments in the coming phases,” the chamber said.

Politicians and economic development agencies often cite job quality and average salary when awarding taxpayers’ economic incentives.

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