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That’s something like a 50% premium over Azure, even before reservation discounts, that’s insane!

Edit: todays pricing looks like about 20% higher, still. How are these prices so different.

Azure is generally a pretty terrible cloud (poor UX, very slow for anything, multiple highly critical cross-tenant security issues, etc.) far behind the market leader, AWS, so they have to compensate with pricing (same reason why Oracle Cloud is so reasonably price, they're already so far behind their usual pricing wouldn't make any sense).

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