Business · 4h ago
Elon Musk’s xAI Buys APR Energy for $1B to Power AI Expansion
Elon Musk acquired APR Energy for over $1 billion to supply electricity to his AI company xAI. The deal raises concerns about emissions and grid dependence as xAI scales its compute infrastructure. APR Energy provides mobile gas turbines for rapid power deployment.
Meridian48 take
The acquisition underscores AI’s massive energy appetite, but Musk’s history of overpromising on energy solutions warrants caution.
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Elon Musk Acquires APR Energy in Deal Valued at More Than $1 Billion →
TechRepublic
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