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> OpenAI and others are already profitable on inference (inference is really really cheap)

If it's that cheap I'll soon be doing it self-hosted, or switching to a local provider.

It's a race to the bottom for tokens-providers.



It is that cheap. Look at Deepseek or GLM pricing.


> It is that cheap. Look at Deepseek or GLM pricing.

Then it's a race to the bottom.


Yep.

And unlike competitors, OpenAI has no ecosystem. Just a website and a domain name. Even a VSCode fork like Cursor is an improvement over that state.

Google pays over 15% of search revenue to be the default search engine on various browsers.




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