Chit Chat Stocks

The State of the Cloud in 2023 with Shawn Wang

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Jan 5, 2023
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ANECDOTE

Misjudging AWS

  • Shawn Wang's hedge fund sold their Amazon position in 2015.
  • They feared AWS's overexposure to startups during a potential recession.
INSIGHT

Cloud Growth Drivers

  • Programmatic cloud configuration has driven cloud growth, allowing developers to manage vast resources.
  • This shift from manual configuration empowers developers and enables rapid scaling like ChatGPT's.
INSIGHT

On-Premise Advantages

  • Startups using on-premise servers gain cost control and specialized hardware access.
  • However, this involves higher maintenance and responsibility for outages.
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