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How do AWS Lambda and EC2 compare in terms of cost?

An example of an AI chatbot conversation about comparing AWS Lambda and EC2 costs.

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You

How do AWS Lambda and EC2 compare in terms of cost?

MagicBuddy
MagicBuddy

AWS Lambda charges based on the number of requests and the duration of execution, while EC2 charges are based on instance type and uptime.

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You

Which one is more cost-effective for a small application?

MagicBuddy
MagicBuddy

For small applications with variable workloads, AWS Lambda is often more cost-effective due to its pay-as-you-go model.

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You

What about scaling? Does one scale better than the other?

MagicBuddy
MagicBuddy

AWS Lambda automatically scales with the number of requests, while EC2 requires manual scaling or setting up auto-scaling groups.

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You

Are there any hidden costs I should be aware of?

MagicBuddy
MagicBuddy

Yes, with EC2, consider costs for data transfer, storage, and additional services. Lambda has costs for data transfer as well, but generally fewer hidden costs.

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