Amazon's Virtual Computer

Rob Hof

What will Jeff Bezos think of next? On the heels of its data storage service announced last March, Amazon.com this morning introduced a limited test version of an online computing service. Dubbed the Elastic Compute Cloud, or EC2, the service is essentially computer power on demand over the Internet. It will let software and Web developers set up virtual servers with the software and services they want to provide, without having to buy their own computers or even hire a computer hosting company. It costs about 10 cents an hour to run the custom server, plus data and bandwidth charges.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.