Jet.AI (JTAI) to Invest $10 Million in New AI Data Center Campus Near Las Vegas

Jet.AI Inc. (NASDAQ:JTAI) is one of the AI Stocks on Market Radar. On December 23, the company announced a planned joint venture with Choo Choo Express LLC, a Nevada-based infrastructure development and construction firm, for the development of a planned 50-megawatt data center campus in Moapa, Clark County, Nevada.

Owing to an existing power, gas, fiber, and transmission infrastructure, Moapa campus stands as one of the few remaining sites in the Southwest that can support hyperscale inference workloads deployed closer to the network edge.

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Based on the terms of the proposed venture, Jet.AI will be committing an estimated $10 million of capital over an anticipated two-year period. This is subject to the achievement of defined development and infrastructure milestones.

Meanwhile, CCE is expected to contribute the land to the joint venture. The contribution is subject to due diligence, definitive agreements, and customary conditions.

“Certain CCE personnel bring direct, hands-on experience in the design, construction, and operation of large-scale data centers for Core Scientific,” said Jet.AI Executive Chair Mike Winston. “CCE brings a related workforce of thousands of contractors, alongside deep local knowledge of the Moapa area and forty years of in state development experience. Today’s announcement builds upon Jet.AI’s earlier disclosure this year regarding its pursuit of a data-center campus in Clark County.”

Jet.AI, is a private jet charter artificial intelligence company.

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