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AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

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Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#461

Post by andrekandre »

thrance wrote: post #146
fzeroracer wrote: post #110

Earlier quoted context omitted.

I'm not sure if you're doing this intentionally or not, but it is incredibly funny to see people on HN doing what is effectively manufacturing consent for people to not actually own anything. We've gone from home computing is the future to no one should own a computer because it's wasteful. I'm not sure where this sentiment even comes from but if the economy only consists of renters and landlords then we don't even h…

Capitalism was never about owning things. It's about accumulating capital (hence the name), and renting stuff is more profitable than selling stuff.

not quite: its about accumulating capital yes, but also with private ownership (as opposed to collective ownership) and the use of said capital to gain more capital (investment returns put back into more investment)

  > renting stuff is more profitable than selling stuff
maybe, maybe not, but it is usually more stable and predictable

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#462

Post by testing22321 »

conductr wrote: post #460
testing22321 wrote: post #455

Earlier quoted context omitted.

> I'm sure you could say the same for healthcare & education Yes. In fact, every developed country already does. > you just removed profit from ~40% of GDP Is the point of society to maximize profit all the time at the expense of other things, or to provide a good life for people and ensure their basic needs are met? > provides more than a one sided benefit masquerading as having no downside implications Of course th…

Like it or not it is the reality of the United States. It would be a huge shock to the system but I don’t disagree with you entirely that it wouldn’t help close the wealth gap. I just don’t trust our politicians here to implement a change like this without making it worse. I’m arguing for not just making one single law that X must be profit free as an entire industry without considering anything else. The government…

Sounds like you’ve already given up before you even tried.

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#463

Post by andruby »

jerf wrote: post #180
andruby wrote: post #144

Earlier quoted context omitted.

That's a terrible gift! Did the g(r)ifter know it needed such a subscription?

An immense amount of abuse is being done to "consumers" because most people don't have a mental model for how expensive subscriptions are and end up counting them as nearly free, because they are not even tomorrow's problem, but next month's problem. Entire industries run on that principle, like the burgeoning buy now pay later space (which promise no interest but I promise you they're not making money on a whole bun…

Are most people really this naive? I might be "the exception", and have had this discussion with friend _who are accountants no less_ and they all consider the monthly price "cheaper" than when presented as a yearly price.

Should we start a "subscription review day": make a list of all your subscriptions, change them to yearly amounts and ask yourselves "am I getting that much value out of it"?

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#464

Post by paulddraper »

xvxvx wrote: post #12

- GPU prices rising - RAM prices rising - hard drive prices rising Are we looking at a future where home computers are replaced by thin clients and all the power lies in subscription services? ‘You don't need storage space, use our cloud subscription’ ‘You don’t need processing power, stream your games through our subscription service.’ Game publishers have already publicly floated the idea of not selling their games…

You’ll own nothing and like it

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#465

Post by tuananh »

Waterluvian wrote: post #71
muvlon wrote: post #55

Earlier quoted context omitted.

I don't know how everyone arrives at that conclusion when the cost of the subscription services is also going up (as evidenced by the very article we're talking about). People who are renting are feeling this immediately, whereas people who bought their computers can wait the price hikes out for a couple years before they really need an upgrade.

People rent things they can’t afford to own.

or just not ready for commitment (try first, buy later, etc...)

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#466

Post by tuananh »

skywhopper wrote: post #8
MasterScrat wrote: post #2

Is there a reliable service that plots hourly price per GPU per cloud through time?

Not sure, but historically, AWS as far as I know has never raised prices on specific instance type usage like this. It makes sense that this would be the first attempt since it’s for apparently guaranteed capacity (vs the normal model of “if we’re out of capacity, too bad for you”). That said, the real disturbing part of this is not so much the raising of the price for an extremely high-demand resource, but the utter…

they have been doing that for awhile now (last few (2-3) years) for ebs (gp3) and ec2 (gen 8) instances.

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#467

Post by KumaBear »

jrjeksjd8d wrote: post #160
muvlon wrote: post #55

Earlier quoted context omitted.

I don't know how everyone arrives at that conclusion when the cost of the subscription services is also going up (as evidenced by the very article we're talking about). People who are renting are feeling this immediately, whereas people who bought their computers can wait the price hikes out for a couple years before they really need an upgrade.

Subscriptions have a "boiling frog" phenomenon where a marginal price increase isn't noticable to most people. Our payment rails are so effective many people don't even read their credit card statements, they just have vampires draining their accounts monthly. Starting with a low subscription price also has the effect of atrophying people's ability to self-serve. The alternative to a subscription is usually capital-i…

This is something I’ve been seeing for a while. As a teen that kept his 300 dollar paycheck in cash that money would last a very long time. Now I make a good 6 figures and was seeing my accounts spending way more than I should. It wasn’t big purchases it was 50 dollars here 200 hundred there. A subscription here and there. By the end of the month I would wrack 8k in spending.

Going line by line I learned how much I neglected these transactions being the source of my problem. Could I afford it? Yes. But saving and investing is a better vehicle for retirement early than these minor dopamine hits

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#468

Post by aurareturn »

candiddevmike wrote: post #35
aurareturn wrote: post #24

Earlier quoted context omitted.

Demand for GPUs is increasing overall. So it's very likely that AWS GPU demand is rising. AWS isn't the only company offering GPUs for rent so raising prices doesn't make sense unless demand is rising faster than supply.

The only real visibility we have into the demand side (kinda) are spot prices, and those seem to be flat or decreasing for GPU instances. Surely if there was this crazy, exponential demand, spot prices would reflect that.

Let's suppose that AWS is raising prices because demand is falling.

Ok, so AWS has extra capacity they need to sell but they're raising prices. Customers move off and go to another supplier. AWS has even more capacity they can't sell.

How does that make sense economically?

Do you think AWS is somehow able to make more money milking their existing customers than to sell at supply and demand equilibrium?

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#469

Post by aurareturn »

JustFinishedBSG wrote: post #42
aurareturn wrote: post #23

Earlier quoted context omitted.

Are we looking at a future where home computers are replaced by thin clients and all the power lies in subscription services? No if we're in a working free market. Companies will see the rising prices and start making more of those things, bringing prices back down.

How, when foundries are a natural monopoly? How can you realistically create a startup to build a multibillion / multi year fab ?

There are 3 foundries capable: Samsung, Intel, and TSMC. Companies can contract out some to Samsung and Intel. TSMC can (and is) build more fabs.

Re: AWS raises GPU prices 15% on a Saturday, hopes you weren't paying attention

#470

Post by zvqcMMV6Zcr »

xvxvx wrote: post #12

- GPU prices rising - RAM prices rising - hard drive prices rising Are we looking at a future where home computers are replaced by thin clients and all the power lies in subscription services? ‘You don't need storage space, use our cloud subscription’ ‘You don’t need processing power, stream your games through our subscription service.’ Game publishers have already publicly floated the idea of not selling their games…

> all the power lies in subscription services

I think NVidia already decided they have all the power when the decided to add 100h limit to their GForce Now service, with that limit getting effective for legacy plans right now. It would be bad if people like they service so much that they avoid buying overpriced hardware :D

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