Is xAI a neocloud now?

May 6, 2026 Russell Brandom

xAI's real business may be more about building data centers than training AI models. 

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Snap says its $400M deal with Perplexity ‘amicably ended’
Snap says its $400M deal with Perplexity ‘amicably ended’

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Insurance startup Corgi hits $1.3B valuation 4 months after its Series A
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Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion.

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