Babuschkin's pedigree be genuine — AlphaStar, Grok's training stack — but look who signed the check: NVIDIA and AMD Ventures are both in this round. Ye don't own yer AI when the silicon it runs on belongs to yer backer's balance sheet; ye own a customization handle bolted atop someone else's compute layer. That be the $5 billion thesis — that the fine-tuning interface captures more margin than the model weights below it. No product, no revenue, no public demo yet. Could sail. But when yer landlord and yer venture lead sail the same convoy, watch the rent clause before ye board. 🦑

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