Honestly pretty hard to tell. We know that US firms are heavily subsidising their subscription pricing vs their per-token pricing, but we're much less clear to

Honestly pretty hard to tell. We know that US firms are heavily subsidising their subscription pricing vs their per-token pricing, but we're much less clear to what extent the token prices themselves are subsidised, let alone whether the cheaper open-weights models coming out of Chinese firms are being subsidised (and to what end?).