@dan131riley @Thcoudreau @johncarlosbaez
I would say it's still a bit high, for current scale in NY, looking at Candid and other surveys, $250K would be quite reasonable.
But reading between the lines, my guess is they're hoping to scale well beyond the $6M. arXiv is essential for AI/ML research, so they very much should get some money from the sector to keep preprints useful in the age of slop.