If their CEO was just flapping his mouth without any other comparable baseline, it'd probably be different. But as the GP points out, open-weight model providers are charging comparable rates and very likely have positive profit margins. That would imply that with API pricing tokens are sold at above cost.

That cost may well be "inference only", so excludes everything apart from hardware and power. Whether that's enough to cover the enormous training costs and other overheads is a different question.

he has access to the real numbers and a legal risk from lying publicly. it does him no good to lie about this.