AI startup xAI is considering building a second data center, after setting up a large cluster in Memphis, Tennessee, The Information reports. At the same time, Bloomberg reports that Elon Musk's company is in advanced talks with Dell Technologies to buy $5 billion in AI servers.

AI, Elon Musk's AI startup, with delivery set for later this year. xAI's Grok assistant is already available on Musk's social media platform X, formerly known as Twitter. Dell's shares jumped as much as 6% on Friday following the news.

Dell Technologies is finalizing a $5 billion agreement to supply AI-optimized servers to Elon Musk’s artificial intelligence startup, xAI, according to a Bloomberg report. The contract, which is in its final stages,