They'd be profitable if they showed ads to their free tier users. They wouldn't even need to be particularly competent at targeting or aggressive with the amount of ads they show, they'd be profitable with 1/10th the ARPU of Meta or Google.
And they would not be incompetent at targeting. If they were to use the chat history for targeting, they might have the most valuable ad targeting data sets ever built.
And they would not be incompetent at targeting. If they were to use the chat history for targeting, they might have the most valuable ad targeting data sets ever built.