I'm a bit confused about them calling it a cloud computer. The primary benefit of cloud is you spend opex instead of capex. Isn't this moving back to capex again?
There's two independent issues: capex vs. opex, and flexibility. When opex is a primary benefit of the cloud, that's specifically for start-ups and other businesses that have little working capital. The actual primary benefit of the cloud for most cloud customers is flexibility - prior to AWS adoption, getting a server provisioned could be a multi-week if not multi-month affair negotiating between devs or operators a…
Surely the main benefit of reserved instances is lower TCO and if you can show you can afford AWS for 3 years a bank would surely loan you the money to pay upfront if you can save say 50% it is simply cheaper even with interest.