Yup! Big beautiful burning pile of cash. Though there’s some nuance with subsidizing inference (which is supposed to make them money long term) vs training (which we’re supposed to ignore I guess).

To be fair, they're motivating me to move from the Pro to the Max tier (the $200 one, which has 4X the usage of Pro for 2X the price).

We lose money on every sale, but make it up in volume

And they can’t stop because they want to IPO soon, and stopping this madness would signal loudly that they are bleeding cash, don’t really have a business model, and might not be worth $2 trillion after all.