YT creator Theo seems to think that the main limiting factor right now isn't funding, but compute.
https://www.youtube.com/watch?v=3pkz-Ie_k_c
He also makes the claim that LLM companies aren't subsidizing because they need to increase user base. It seems that he implies that companies are making profit from enterprise users, where things cost a lot more. The non-enterprise options that are costing them money are good for 2 things: they are loss leaders, serving as advertising etc, and they get your chat data, which is a pretty valuable source of data for their chatbots.
If this is true, it means the demand is outstripping compute capacity. This shifts the question to me. If this is true,