> which are known to be ridiculously expensive at 90% margins

Is that known?

depends on the person.

Known to someone who doesn't trade on a heavily AI indexed market (in 2026 all companies, even Tyson or Chevron is an AI play but not as heavily AI indexed as those say 2 degrees away from Anthropic or OpenAI) - likely not.

So if the point you're making is your typical barber doesn't know about this, I am guilty.

If you want to do your own research into this, there are a lot of private reports and publications on the topic.

If you don't want to spend any money, there is even a recent public analysis using a 92% API gross margin.

Anthropic's October 5, 2026 analysis also points to a 92% API gross margin that SemiAnalysis based their report on.

OpenAI reported paid-user compute margin reached 70% in October 2025 - a year ago.

DeepSeek has similar reports. The frontier labs are comfortably in the fat inference margin territory.

Do you have information to the contrary?