The Microsoft article GP linked even shows the MS model having 95ms latency.
Even on price Jev being matched (the same MS model is "Input tokens cost $0.042 USD per million tokens. Output tokens are free.", same as Jev).
Cloudflare's Clef-flash model is actually slightly cheaper: "$0.038 in / $0 out per 1M" too.
Jev is being matched or exceeded in performance and price within a month of them going public.