They didn't fire or lay them off, they just disbanded the team and moved the researchers to other teams, so how is it cutting costs?

Not necessarily cost cutting, just streamlining and focusing on a few core products that can make money. ChatGPT has leveraged its writing style into a product that many consumers choose for their basic AI needs. The company is using information picked up in those chats to personalize the outputs, build trust, and most importantly raise switching costs as the users won't want to lose their personalized helper and confidant.

I'm already seeing some of my family members use ChatGPT in this way, even going so far as enjoying some level of companionship during research and decisions in their lives. I believe this product will have fantastic pricing power and can make the ChatGPT IPO look very attractive.

lmao