alt Hacker Newsthey are paying for marketshare/customer base. Cursor has a good chunk of it.
xAI overbuilt their data centers - they can't find paying customers for them, that's the reason they made deals with other companies like Google to use their own datacenters.
Cursor has the opposite problem of not having enough capacity. So this works well for them together.
Weather it's worth it - if you beleive that AI will solve every problem then having a piece of the pie early on might be worth it.
Remember how when google bought youtube for 1.65 billions people thought they are crazy? Or when facebook bought instagram.
60B is a crazy number but might be worth it for someone fighting for world dominance :)
you are completely equivocated on most points.
xai is on the line to delivery capacity they already sold to Google and most analysts think they are 50/50 on actually meeting it.
the only proof they have capacity is that musk claims all the money they are burning is going to datacenters and gpu (mostly because if he put it on anything else the lie would be obvious)