I really don't get this. Most of these low cost providers actually re-rent GPUs from Azure, AWS or GCP (*), yet they offer much better on-demand pricing (as low as $3.8/hr for H100 sxm and $2.5/hr for PCIe).

And it's a fact that you can get even much better on-demand (not to mention reserved) pricing from the big clouds if you're a decent startup with connections.

If one of these clouds offered fair pricing to SMBs, it could be a great bottoms up growth strategy.

(*) Not LambdaLabs afaik, but they rarely have on demand capacity anyway, and you can only get reasonable price with 3 year reservation (which is, surprise surprise, more than the hardware cost).