> despite having virtually infinite processing power, money

Just because they have the money doesn't mean that they spend it excessively. OpenAI and Anthropic are both offering coding plans that are possibly severely subsidized, as they are more concerned with growth at all cost, while Google is more concerned with profitability. Google has the bigger warchest and could just wait until the other two run out of money rather than forcing the growth on that product line in unprofitable means.

Maybe they are also running much closer to their compute limits then the other ones too and their TPUs are already saturated with API usage.

Agreed, also worth pointing out that Google still owns 14% of Anthropic + Anthropic is signing billion dollar scale deals with Google Cloud to train their models on their TPUs. So Claude success indirectly contributes to Google success. The AI race is not only about the frontier models.

> OpenAI and Anthropic are both offering coding plans that are possibly severely subsidized

So does Google, in fact I believe their antigravity limits for Opus and Sonnet for the $20 plan has higher limits than CC $20 plan, and there is no weekly cap or I couldn't get it even with heavy usage, and then you have a separate limit for Gemini cli and for other models from antigravity.