City of Memphis secures $3.2M from Elon Musk’s xAI to invest directly in local neighborhoods. Mayor Paul Young’s administration confirmed that xAI has paid all taxes owed — creating a special revenue fund aimed at improving infrastructure, housing, and quality of life in communities surrounding the company’s Colossus supercomputer. Councilwoman Yolanda Cooper-Sutton said residents will have a voice in how the funds are spent: “This is the people’s money. We wanna make sure it’s used for the people.” Beyond taxes, xAI is fueling new opportunities — co-hosting job fairs at Crosstown Concourse with the Greater Memphis Workforce Development Board to connect locals with tech-driven, high-paying careers. “We know that jobs are coming. We know that talent is here,” said Melody Freemon, Executive Director of GMWDB. This partnership marks a shift toward making sure Memphis innovation doesn’t just grow companies — it grows communities. Via abc24memphis / teslarati #UnapologeticallyMemph...