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Key thing here (re: AWS article) is there’s no data gravity
The market is enormous - we’ll spend 3x more on AI than legacy cloud (!), but there’s little tie in between the two.
If performance a bit weaker, there’s 7 places to go vs 3. 5 min switch vs major infrastructure change on legacy cloud.
TAM much bigger, market structure worse
(note: we do see them catching up a bit very recently)



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