xAI become's Memphis' second-largest taxpayer in just twelve months

xAI become's Memphis' second-largest taxpayer in just twelve months

Real Estate Agent · Memphis, TN · Member since 2020 · 23 posts · 16 votes

xAI, Elon Musk’s artificial intelligence venture, became the city's second-largest taxpayer in just twelve months, attributed to significant investments and regional impact without the use of tax incentives.

$3.2 million is to be reinvested back into neighborhoods impacted by construction.

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  • Andrew GlissonBusiness Member
    Property Manager · Memphis · Member since 2026 · 135 posts · 95 votes
    7mo

    xAI is going to change the game for Memphis. Several clients have seen short term rentals get booked for months at a time from data center construction emoloyee bookings. There will be other large companies following xAI here which is exciting. 

    LPS Short and Long Term Property Management
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