I think that's the right interpretation, but that's pretty weak for a company that's nominally worth $150B but is currently bleeding money at a crazy clip. "We spent years and billions of dollars to come up with something that's 1) very expensive, and 2) possibly better under some circumstances than some of the alternatives." There are basically free, equally good competitors to all of their products, and pretty much any company that can scrape together enough dollars and GPUs to compete in this space manages to 'leapfrog' the other half dozen or so competitors for a few weeks until someone else does it again.