Or alternatively there is simply a huge demand for compute and this is helping them fill a short-term need. Keep in mind if you saw in the article there is a 90-day cancellation clause. This is a nothing burger.
I don't think so. It provides some nice optionality for Google and I am guessing this opportunity only exists because Grok is not popular and xAI does not really have any other use atm.
In other words, this is a fake IPO booster