Yes! (in some cases) The tradeoffs are that lambdas are way faster to start up, but they max out at 10GB of memory, 15 minutes of runtime, you can't use GPUs, and you get 250MB to store your code (you get more if you build a container) and 512MB of temp space. We're in the middle of working on adding this as an option--we want to make it seamless to switch between running your code on Lambda (for short, quick jobs) vs EC2 (for longer, more resource-intensive jobs) depending on what kind of workload you have.