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You own a bakery but somehow never bought an oven. You just rent someone else’s when you have stuff to bake.

You own a large bakery and bought a ton of ovens. Soon you realize, why do you spend time and energy creating the recipes, when you can just rent the ovens out.

Yeah, but customers don't need the ovens in order to eat your bread. They do need the cloud in order to use your software, though.

I think he was running out of steam at this point, "ah whatever, a networked oven, that's good"

I guess it depends on how you would define "the cloud" without using a metaphor…

"Somebody else's computers."