Why is everyone still operating under the assumption the current token costs will remain so heavily subsidized? We could see $200-400/hr in token costs once these companies need to turn a profit
Because then people will just flock to open weight models that are even cheaper and Anthropic/OpenAI will go bankrupt. Then somebody will buy those companies for cents on the dollar and run a profitable token selling business for today's prices without doing any new research. New model releases will slow to a crawl but that's it.