AWS's 60%+ margins are incompatible with a public utility
Greg Osuri - Democratizing Access to AI Resources - TOKEN2049 Singapore 2024 (TOKEN2049)
“Amazon Web Services… alone [is] a trillion dollar business for Amazon, and profit margins are over 60%, and that’s not okay. You can’t have [an] enormously profitable layer and you call it a public utility. For example, the cost if you look at decentralized systems like Akash is 80% cheaper than what you would otherwise pay on Amazon, and that’s because there’s compute available everywhere.” — 00:09:32
Context: Economic case for decentralized cloud; followed by the claim that Akash has run four years without a single outage.