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Inside a Frontier Lab — A Strategy & Engineering Teardown

How a modern frontier AI lab is actually built: the anatomy of research, data, infrastructure, product, and safety; the model portfolio and the router that fronts it; build-vs-buy and vertical integration; specialization economics and the cost-to-outcome curve; product-grounded training via reinforcement-learning environments; and where the durable moat really is. A practitioner's teardown grounded only in public disclosures, framed as independent analysis — with the trade-offs, the failure modes, and what most teams get wrong.