No way that is true if you did it properly. Practically nobody has a workload where this could be true - and it's definitely not a workload smaller than several DCs.
It doesn't work out well if you just create some long lived EC2 instances and call it a day. But that's not really using a cloud, just a VPS - and that has indeed never been cheaper than having your own servers. You need to go cloud native if you want to save money.
It doesn't work out well if you just create some long lived EC2 instances and call it a day. But that's not really using a cloud, just a VPS - and that has indeed never been cheaper than having your own servers. You need to go cloud native if you want to save money.