It's a race to the bottom for pricing. They can't do shit. Even if the American companies colluded to stop competing and raise prices, Chinese providers will undermine that.

There is no moat. Most of these AI APIs and products are interchangeable.

OK, so they won't raise prices, they'll simply EOL their too expensive to maintain services and users won't feel the impact on their wallets, they'll just lose their tool and historical data and what ever else of theirs was actually the property of the company.