The original statement stands, if what you are suggesting in addition to it is true. If the initial one-time investment of $505m is enough to distill new SOTA models for $0.50 a piece, then the average cost for subsequent models will trend toward $0.50.
The traces are generated by Gemini Flash Thinking.
8 hours of H100 is probably more like $24 if you want any kind of reliability, rather than $6.