The fact that you can unironically put the "only" modifier on a training time of 2.8 million GPU hours is nuts.
A cluster of 2,000 GPUs is what a second tier AI lab has access to. And it shows that you can play in the state of the art LLM-game with some capital and a lot of brains.
I don't know what your household budget is, but $60M might not be what most people associate with "some capital".
That being said I'm amazed how far 1B models have come. I remember when TinyLlama came out a few years ago, it was not great. ($40K training cost iirc.)
That was a 1B model, but these days even 0.5B models are remarkably coherent.
And the GPUs would be a shared resource so what you should calculate is what it would have cost to rent them - probably something like 2 m.