The counter argument is that they won't be able to sustain those gross margins when the market matures because they don't have an effective moat.
In this world, R&D costs and gross margin/revenue are inextricably correlated.
In this world, R&D costs and gross margin/revenue are inextricably correlated.
The market always consolidates when it matures. Every time. The market always consolidates into 2-3 big players. Often a duopoly. OpenAI is trying to be one of the two or three companies left standing.