# AWS's 60%+ margins are incompatible with a public utility

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2024-09-27
- **Theme:** GPU Economics — https://www.gregosuri.com/predictions/gpu-economics/
- **Source:** Greg Osuri - Democratizing Access to AI Resources - TOKEN2049 Singapore 2024 (TOKEN2049)
- **Watch at:** 00:09:32 — https://www.youtube.com/watch?v=3Sv3EOSDnL8&t=572s
- **Canonical:** https://www.gregosuri.com/predictions/gpu-economics/2024-09-27-aws-s-60-margins-are-incompatible-with-a-public-ut-jdip/
- **Cite as:** Greg Osuri, "AWS's 60%+ margins are incompatible with a public utility," Greg Osuri - Democratizing Access to AI Resources - TOKEN2049 Singapore 2024 (TOKEN2049), 27 Sept 2024, 00:09:32. https://www.youtube.com/watch?v=3Sv3EOSDnL8&t=572s

## Quote — verbatim

> 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.

## Context — site annotation, not spoken

Economic case for decentralized cloud; followed by the claim that Akash has run four years without a single outage.