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by game_the0ry
3 days ago
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I worked in REITs. A REIT is a tax structure with 2 key features: 1. By law, they must pass through and distribute at least 90% of their taxable income to shareholders every year. 2. They pay 0% in corporate income taxes on the income they distribute, as long as they meet the 1st requirement. xai is not even close on either. Terrible take. What they should have said -- xai is looking more like a hyper scaler, the aws for ai infra. |
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