Gross profitability always happens before net profitability, lol. "We've reached the first but not the second" isn't a deceptive claim, especially with the caveat in the same sentence, and it's a step that every net profitable company went through at some point in its life.
replyThe correct quote is "If you ignore the costs that will come down in the future or stay fixed as userbase scales, then we are actually quite profitable"
replyWhich is a basic truism of pretty much all startups, and nothing noteworthy or insightful to point out.
Why would you expect training costs to come down in the future? It seems to me that the labs themselves have concluded they can't stop training due to competition, which is why they're now asking the government to step in and shut down their competitors.
reply