Cloud Technology News of the Month: June 2023

The cloud industry has seen significant changes over the past month, with rising spot instance prices sparking concerns about automation and cost optimization. Researchers have provisioned millions of spot instances on AWS, leading to a spike in spot ratios, while companies like Amazon and VMware are investing heavily in their cloud infrastructure. Meanwhile, Microsoft is trying to optimize its AI-powered ChatGPT, while Prime Video has cut its cloud costs by 90% by moving away from a distributed serverless architecture. Additionally, there have been reports of bugs in Google Cloud, including a major security issue that could expose private keys for service accounts.

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