Musk's artificial intelligence company, xAI, plans to build a new factory in Memphis that will install a giant supercomputer aimed at boosting the company's ability in the race to build and deliver chatbots and other artificial intelligence tools. Since early March, Musk and his team at xAI have been working with Memphis officials to plan the new factory, which will be "the largest multi-billion dollar investment in the history of the city of Memphis." Townsend, president of the Greater Memphis Chamber of Commerce, said many details about the new factory have not been disclosed, including the total cost and the number of jobs that will be created. He added that the city has also discussed offering xAI tax breaks or other business incentives to lure the project to Memphis, but the specifics remain undetermined.