There are! Look through the provider list for some open model on https://openrouter.ai . For instance, DeepSeek 3.1 has a dozen providers. It would not make any sense to offer those below cost because you have neither moat nor branding.

Maybe, but arguably a major reason you can't make money on inference right now is that the useful life of models is too short, so you can't amortize the development costs across much time because there is so much investment in the field that everyone is developing new models (shortening useful life in a competitive market) and everyone is simultaneously driving up the costs of inputs needed for developing models (increasing the costs that have to be amortized over the short useful life). Perversely, the AI bubble popping and resolving those issues may make profitability much easier for the survivors that have strong revenue streams.