Is Claude Code even running at a marginal profit? (who knows)
Is the marginal profit large enough to pay for continued R&D to stay competitive (no)
Does Claude Code have a sustainable advantage over what Amazon, Microsoft and Google can do in this space using their incumbency advantage and actual profits and using their own infrastructure?
Are they profitable (no),
Is Claude Code even running at a marginal profit? (who knows)
Is the marginal profit large enough to pay for continued R&D to stay competitive (no)
Does Claude Code have a sustainable advantage over what Amazon, Microsoft and Google can do in this space using their incumbency advantage and actual profits and using their own infrastructure?