API pricing isn’t cost, we don’t know what cost is.

I would bet money Anthropic and OpenAI are actually profitable on inference. The problem is they have to spend large sums of money to train models that are essentially worthless after a few months.

It's to build a moat, of course!

Narrator: there was no moat

This performative concern over token costs and subsidisation comes from either ignorance or some latent ideology signalling.