It kind of doesn't make sense though, because typically a large org like Google can afford to crush competitors on pricing. They could probably even go toe to toe with chinese model pricing for years without feeling it.
Maybe they don't want to price war with the other labs so they can comfortably maintain healthy margins on selling them compute?
Maybe they are hoping that when the bottom drops out they will just be able to buy Anthropic or OpenAI for a few tens of billion.