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You are billed by the execution time of the function. So from the millisecond we hand the event over to you until you return a response or timeout.

- Chris - Serverless@AWS

Are 15 minute max execution times still the norm?

Yes. I didn't see anything about relaxing those limits today in the keynote. Once can hope and dream..

I saw the news around running container images as artifacts which is welcome. Still the 15 min limit restricts a lot of use cases.

As far as I know, if you run for more than a few seconds Lambda’s cost will _really_ not worth it. One should prefer ECS or Batch.

On Fargate? I agree.