In Memphis, Investors Benefit From AI Boom While the Public Bears Its Cost

By: Rev. Earle Fisher

Outlets: Tennessee Lookout

Published: April 14, 2026

Words: 1,580

Last Updated: 3 months ago

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This article was originally published by Truthout

The people most enthusiastic about the construction of AI data centers are often the least likely to live next to them.

In Memphis, Tennessee, questions about AI data centers are rising nearly as quickly as their price tags.

Recent reporting shows that Elon Musk’s artificial intelligence company xAI now has properties in Memphis appraised at roughly $3.4 billion, a staggering valuation that will shape how much the …

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