> Given the trajectory of inference cost, it unlikely that they would fail to reach profitability.

> We don't have evidence one way or the other

I don't see how both of these things can be true. How can we know something to be likely or unlikely if we have no evidence of how things are?

If we don't have any evidence they're moving towards profitability, how is it likely they will become profitable?

Growing businesses tend to consume capital. How much capital is appropriate to burn is subjective, but there are good baselines from other industries and internal business justifications. As tech companies burn capital through people time, it's hard to directly figure out what is true CapEx vs. unsustainable burn.

You wouldn't demand that a restaurant jack prices up or shutdown in its first month of business after spending ~1 MM on a remodel to earn ~20k in the first month. You would expect that the restaurant isn't going to remodel again for 5 years and the amortized cost should be ~16k/mo (or less).