it doesn't seem that complicated to me. what do you think the cost is for AWS to serve inference it sells to Anthropic for "$1.00"? I think it's about $0.11. Then, ask yourself, did Amazon sell it to Anthropic at all? No, they traded $0.11 real dollars for $1.00 of Anthropic shares (the CLN that created the real loss Anthropic is talking about), which are now worth $10.00 (which is why people talk about this as a paper loss). So... IS it profitable? It's profitable, but Amazon didn't JUST sell inference when they turned $0.11 into $10.00...