Elon Musk's artificial intelligence startup xAI is investing more than $20 billion to build a data center in Southaven, Mississippi, state Governor Tate Reeves said in a statement on Thursday, as a boom in generative AI fuels demand for increased computing power.

Elon Musk 's artificial intelligence company xAI has raised $20 billion in an upsized Series E funding round, the company announced on Tuesday. The news comes days after the company's next generation intelligent assistant Grok came under scrutiny for generating nonconsensual sexualized images.

xAI, the artificial-intelligence startup founded by Tesla CEO Elon Musk, said Tuesday that it had raised $20 billion as it continues to develop its Grok chatbot.

Elon Musk's artificial intelligence startup xAI reported a net loss of $1.46 billion for the September quarter, compared with a loss of $1 billion in the previous three months, Bloomberg News reported on Thursday,

JACKSON, Miss. -- Elon Musk's artificial intelligence company xAI is set to spend $20 billion to build a data center in Southaven, Mississippi, Gov. Tate Reeves announced Thursday, calling it the largest private investment in the state's history.

Elon Musk's artificial intelligence company xAI is set to spend USD 20 billion to build a data centre in Southaven, Mississippi, Gov. Tate Reeves has announced, calling it the largest private investment in the state's history.

The funding is part of an A.I. frenzy, as investors aggressively plow enormous sums into fast-growing start-ups at sky-high valuations.

Elon Musk’s baby mama, Ashley St. Clair, has threatened legal action after his artificial intelligence bot produced sexualized images of her as a child. The conservative influencer has fallen victim to a disturbing trend in which users have taken advantage of an existing feature that allows Grok to alter images based on a prompt.