I agree on the first. On the second: I would bet a lot of money that they aren't actually breaking even on their API (or even close to). They don't have a "pay as you go" per-token tier, it's all geared up to demonstrate use of their API as a novelty. They're probably burning cash on every single token. But their valuation and hype has surely gone way up since they got onto LLMs.
bubblethink|9 months ago