Not counting training models as part of your gross margin is just creative accounting. It's an inherent part of being able to provde the service for OpenAI, Anthropic etc.

Even so, their subscriptions are significantly cheaper than the token pricing via API. So at some point they will need to get rid of subscriptions or increase the subscription prices dramatically... And that's assuming their current token pricing is actually profitable. Which it probably isn't.

Lastly, I would not trust one word that comes out of an executive of an AI company (or any other large company, for that matter).