> they are still burning trough investor money

Difficult to say, this information is not really public. That said, those investors include EU agencies and European multinational companies and governments. It’s not as flashy as the ridiculous sums OpenAI is getting but it should be enough to keep them going for a while.

They also have a different business model. They are selling their expertise to fine tune and adapt their models to on-premises computers (which they can help you build) to handle confidential data and information. I would not be surprised that the revenue they get from normal people is negligible in comparison.