Elon Musk has reportedly completed a discreet acquisition of APR Energy for approximately $1 billion (₹100 crore). APR Energy specializes in mobile gas and diesel turbine generators that can produce more than 1 gigawatt of power. This purchase is intended to provide a dedicated energy supply for xAI’s artificial intelligence data centers, lessening the company's reliance on traditional power grids. The details of this deal surfaced via regulatory documentation.

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3 hours ago