Google: Cloud prices should track Moore’s Law, are falling too slowly

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Tharan Parameshwaran Google today continued the trend of cloud services price cuts, while claiming that cloud network operators aren’t cutting average prices quickly enough. Amazon, Microsoft, and Google frequently advertise  price cuts , but Google today claimed that “pricing hasn’t followed  Moore’s Law : over the past five years, hardware costs improved by 20-30 percent annually, but public cloud prices fell at just 8 percent per year.” In today’s announcement, unveiled at Google’s Cloud Platform Live event , the company said, “We think cloud pricing should track Moore’s Law, so we’re simplifying and reducing prices for our various on-demand, pay-as-you-go services by 30-85 percent.” Moore’s Law is the observation that the number of transistors on integrated circuits doubles about every two years, bringing steady increases in processing power. One Amazon price cut last year was on the order of 37 to 80 percent for its dedicated instances, so this actually isn’t that unusual. Google declined to say which companies it included in its “public cloud prices” statistic. Read 9 remaining paragraphs | Comments

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Google: Cloud prices should track Moore’s Law, are falling too slowly

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