[petesergeant]

> will pay for all of xAI's capex ($25 billion) in 2 years

This is a confusing framing; you pay down capex with profit not revenue, and there is presumably a high opex cost.

[ayende]

Nevertheless, you are still talking about 15B / year - when the initial investment was < 30B. That investment also probably covers things like power, salaries, etc.

So you are still covering all of that.

[petesergeant]

> That investment also probably covers things like power, salaries, etc.

That does not seem probable to me, other than for the initial build-out.

[jasondigitized]

free cash flow pays down capex