That would mean that they would be starting when other players are well established in the LLM space.
I think they are waiting, or maybe even working on, the next paradigm in AI. There are a few new approaches, like JEPA, that are a lot less resource intensive, and which are way closer to actual intelligence.
LLMs are at a very advanced state of diminishing returns, and are a bit of a dead end. They are not going to get much better. They need much higher resource investment for minimal gains, and are inherently bad in many use cases and scenarios.