A $3M monthly AWS bill. that's a nugget here. What that means is that amazon, Microsoft, and google are essentially selling shovels during a gold rush. On a subscription basis. In a form that makes it tedious and costly to actually figure out how many shovels your business has, what they do and who uses them regularly.
Essentially, when there's a digital market hype, the big cloud providers collect their share on the revenue. Brilliant.
It sounds more like an admiring compliment. Although for cloud providers, the costs of things like hackers stealing credentials and using them to mine shitcoins are also considerable.
I remember during the dotcom boom people thought the infrastructure providers like Sun Micro would be safer, but it got screwed along with the website companies.
Essentially, when there's a digital market hype, the big cloud providers collect their share on the revenue. Brilliant.