We also need to consider the price. At some point the price will need to go up (assuming cost of producing each token doesn’t drop dramatically) to generate enough revenues to cover not only operating expenses and taxes (once the nol carry forward’s are used up) but reinvestment. OAI and Anthropic are burning through their cash balances. OAI has also stated some very ambitious plans to develop models beyond just programming… I will be very intrigued to see how they are going to generate enough revenue to fund all this in the future.