[NitpickLawyer]

> They're backed by a quantitative hedge fund that views AI as infrastructure, not as a product to monetize directly. The ROI for them comes from trading alpha, not API revenue.

That used to be true, but now they've raised ~7B$, so we'll see how / if that changes.

[disgruntledphd2]

Yeah, they were in a tough position though. All their competitors were offering equity and they didn't.