According to BlockBeats, on July 10, Elon Musk said that artificial intelligence startup xAI will buy chips from Nvidia instead of leasing chips from Oracle so that xAI can build artificial intelligence data centers faster. Musk posted on X (original Twitter) that xAI plans to build a system using 100,000 Nvidia H100 chips. The data center will be built in Memphis, Tennessee. The Information previously reported that xAI was discussing a potential deal worth up to $10 billion to lease chips from Oracle. Under the existing agreement, xAI currently leases 24,000 chips from Oracle.