xAI is looking more like a datacentre REIT than a frontier lab
Summary
The piece argues that xAI’s partnerships with Anthropic and Google position SpaceX/XAI as a datacentre-scale operation, with potential IPO implications. It weighs the compute crunch, capex economics, and competitive dynamics (notably Grok and OpenAI) to conclude that xAI is becoming a datacentre REIT with a frontier-lab edge, rather than solely a research frontier.