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That’s insane, for a language that seems to be Temu-Python.

OTOH Python itself is the world’s most popular programming language, yet has only recently had the money to support more than a single full-time developer.

What else are you going to write CUDA kernels in that will be better than Mojo?

This doesn't compete with Python.

Like if someone wrote a competitor to VHDL that looked like TEMU Python... Python would not be its competitor, VHDL would.

Julia is actually quite nice for this. If you prefer a python-like approach consider Triton from openai, numba (https://numba.pydata.org/) or CuTe DSL from Nvidia.
Python tooling from NVidia itself, which generate the same PTX as CUDA C++.
Julia
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It almost feels like they were paying more in the hopes of owning the next LLVM or Swift based on the name on the tin rather than basing the price on the product itself.