I see this as a huge warning sign. If a frontier ai lab is in this position of renting their own capacity, imagine how much overcapacity there is in the system.
Outside of VC money, and circular financing, the only external money coming into ai are into open-ai, and anthropic via their subscriptions and APIs.
> a frontier ai lab
Wait, do people consider xAI a frontier AI lab?
To the contrary - there’s so much demand that Dario needs Elon’s compute and is willing to pay premium month to month pricing for it.