Be careful you're not confusing the costs of training an LLM and the spending from each firm. Much of that spending is on expanding access to older LLMs, building new infrastructure, and other costs.
These people remind me of the people in the late 19th century who were scared of electricity because they thought it could remove all the air from rooms and suffocate people.
I wonder why co-ops are so comparatively rare in the US, even though everybody seems to like them (customers and employees).
It could just be tradition and the effects of history. But then why did US history create more shareholder corps while European history created more co-ops?
It could be that US investors are less willing to invest in co-ops. But then, why? Is there something about them that makes them less competitive? Why are they ostensibly worse in the US than in Europe?