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It seems to come with Google One (2TB), so with that factored in its actually quite competitive.

Your feedback has been noted... I was just shown this pricing:

$19.99 $0 for 2 months, $19.99/month after

Google's marketing materials said it's slightly better than GPT-4 across benchmarks. I'll be checking leaderboards on Huggingface over the next few days for independent confirmation.