If truly equivalent (which LLMs aren't, but I'll entertain it), that doesn't seem mathematically out of line.
Humans typically work 1/3rd duty cycle or less. A robot that can do what a human does is automatically 3x better because it doesn't eat, sleep, have a family, or have human rights.
So this is just going to end up like AWS where they worked out exactly how much it costs me to run a physical server and charge me just slightly less than that?