# Half of every dollar paid for cloud services goes to "Uncle Jeff"

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-09-15
- **Theme:** Cloud Decentralization — https://www.gregosuri.com/predictions/cloud-decentralization/
- **Source:** Akash Weekly - September 14th 2022 (Akash Network)
- **Watch at:** 00:13:44 — https://www.youtube.com/watch?v=Ckp4eQ94ojM&t=824s
- **Canonical:** https://www.gregosuri.com/predictions/cloud-decentralization/2022-09-15-half-of-every-dollar-paid-for-cloud-services-goes-y4hn/
- **Cite as:** Greg Osuri, "Half of every dollar paid for cloud services goes to "Uncle Jeff"," Akash Weekly - September 14th 2022 (Akash Network), 15 Sept 2022, 00:13:44. https://www.youtube.com/watch?v=Ckp4eQ94ojM&t=824s

## Quote — verbatim

> 50 \[percent\] on average \[of\] all the costs — the margins — actually goes to the big cloud... to the cloud providers. It's incredible. So half of every dollar we pay to cloud services, all of us, goes to Uncle Jeff... the rent seeking model that was created, the invisible rent seeker.

## Context — site annotation, not spoken

Citing a16z's "cost of cloud" post; services like Notion, Asana, and Netflix pass ~50% of costs through to hyperscalers. Decentralization, he argues, also "reduce[s] the cost of the globe... in these high inflation times."