Elon Musk announces $20 billion AI chip plant planned for Texas

Kind: captions Language: en Billionaire Elon Musk says a massive new chip plant is coming to Texas and it could reshape the future of AI. Musk announced plans for a 20 billion dollar facility called Terraab set to be built near Tesla's existing campus in Austin. The project is a joint effort between Tesla, SpaceX, and XAI, all tied to Musk. Once up and running, the plant is expected to generate enough computing power to produce hundreds of millions of AI chips each year. Construction is already in the planning stages with production expected to begin in 2027.