To put these billing errors in context, our account suddenly showed ~$12,000,000 in usage fees. I saw some others posting bills high as 100s of millions. Pretty heart attack inducing.
The risk of surprise bills, even with the advantage of higher scalability, is one of the major factors to put me off many cloud services. I wouldn't want to run a business where you always have the risk of some bug or unforeseen behavior destroying your budget.
It would be a pro-innovation law because people would then have the confidence to innovate.
In my case my cards don't have $12 million of a limit so they could not actually charge me that amount of money. It makes sense if you use invoice type billing i.e. like a company but as an individual these insane bills can't actually run.
they can still attempt to come after you for that $12 million
Well, when you owe $10,000 it's your problem, when you owe $10,000,000 it's their problem :D
Anyway, it's already fixed for our account.