"The requirements set forth in Section 2 do not apply to: (a) internal use of the Model or its derivative works, defined as any use that does not make the Model or its derivative works available to third parties, [...]"

Works for me. I can host it, I can run it, I can use it; but if I want to sell access to it as an inference provider, I'd have to get a license.

The economics of open-weight models has always been shaky. It's not an OSI license yes, but metaphorically it's kinda like AGPL.