They had 40% margin on inference in 2025. https://archive.is/aKFYZ https://archive.is/aKFYZ You can quibble about the exact numbers, but I think it’s fairly c

They had 40% margin on inference in 2025. https://archive.is/aKFYZ https://archive.is/aKFYZ You can quibble about the exact numbers, but I think it’s fairly clear at this point that inference is profitable with decent margins. Like you say, unit economics are more interesting than the profitability of the company as a whole.