Dario telling Dwarkesh three months ago that they have a margin on inference: https://www.dwarkesh.com/p/dario-amodei-2?timestamp=3528.0
Simple test: can they get their hands on a data center contracts and financials?
Search isn’t anywhere near as high profile as the profitability of AI inference, and yet, even aspects of the Search org were walled off from the rest of the company such that other employees couldn’t see what we see.
It might be worth keeping it secret from the staff if they were running at a loss.
They had all the incentive in the world to say "I'm not going to talk about that."