Maybe marginally profitable, but right now they need to give out subsidies for people to use their products (Antigravity, Codex, Claude Code et al) in an actually useful manner that prevents churn and at the scale they need to justify usage growth forecasts, which they need to keep the wheel turning.
Probably if you look at the users who exclusively use the simple chat box interfaces (i.e. ChatGPT, Gemini in UI, Claude in UI) plans it is actually profitable, but I'd also say that's not where most of the usage comes from.
I'd love to actually look at both usage + profitability from each user segment to see if their PxQ growth expectations from non-enterprise usage make any sense.
> Many independent providers price tokens of open-weight models at a fraction of Anthropic's prices.
Are those open-weight models as good as Anthropic? Are they the same parameter class?