Earlier quoted context omitted.
They haven't raised enough money to be selling at a loss. And selling at a loss to gain market share in an industry with zero switching friction between sellers is not a strategy. That doesn't make sense. Loss leading only works when - it leads to a situation that allows you to prevent competitors from selling to your customers (gilded age railroad and pipeline industries are great examples). Then you can eventually…
Maybe Anthropics efforts to thwart deepseek from distilling their model is bearing fruit. So their strategy now is to try get as much raw content for their inference. You're being "paid", via discount, for your use
There is an implicit social contract, and for many it might work out well:
We use your data to improve the model. You get to use the improved model for affordable prices and (the important part): you get _the model_.