[colinmorelli]

It is absolutely possible for the unit economics of a product to be profitable and for the parent company to be losing money. In fact, it's extremely common when the company is bullish on their own future and thus they invest heavily in marketing and R&D to continue their growth. This is what I understood GP to mean.

Whether it's true for any of the mainstream LLM companies or not is anyone's guess, since their financials are either private or don't separate out LLM inference as a line item.