Yes this is the issue. We truly have something incredible now. Something that could benefit all of humanity. Unfortunately it comes at $200/month from Sam Altman & co.
But as it stands right now, the most useful LLMs are hosted by companies that are legally obligated to hand over your data if the US gov. had decided that it wants it. It's unacceptable.
Not to mention they could just sell it to the highest bidder, or simply use it to produce competition and put you out of business. Especially if you're using their service to do the development...