Comment by namanyayg
1 day ago
One aspect that seems to be missing is the abuse of the free credits provided for new companies by AWS, Azure, and other providers.
I know of a friend's company in India who purchased inference, at 4% of the actual price and states that it gave him an unbeatable competitive edge in their large running video influence pipelines. Any new competitors could not offer their pricing at all.
Primarily that operated because registering a new company getting free AWS credits was a very tiny cost
I was going to cover this in a follow-up article, but yeah, there are network of token brokers who buy unused credits from startups and then resell them.
Thanks matt for including the Mandarin terms and the great article!
A bit like setting up a supermarket that just sells another competing supermarket's "free fruit for kids" fruit.
I should have added that I ran my first startup in India for 8 years before moving to the states, that's why I have an insider view.
Video influence pipelines from India huh?
No wonder social media is so shit nowadays. All that brainwashing and propaganda from third world countries, now at 4% the price!
If we're going to insist on continuing to use the offensive language of "third world country", at least apply it correctly. India is not what even the most casual racist would consider "third world".
> India is not what even the most casual racist would consider "third world".
I don't follow. India was Third World in the original Cold War sense as a founder and leader of the Non-Aligned Movement, and it still fits the term's colloquial sense through low GDP per-capita, poor HDI figures, weak state capacity, corruption and uneven infrastructure.
The label might be offensive, the comment you responded to most certainly is. But excluding India from the Third World is hard to justify.
the in India wasnt even needed no worries
Some countries have more complexity to registering a new company than others, and perhaps it’s the establishment of a new legal entity that is an unlocker to the free credits.
I don’t know if that’s true of India or not, but I like to give comment authors the benefit of the doubt that being specific about the geography was helpful context here
India is very bureaucratic and slow for starting a new business new entity. It ranked 63rd on the most recent world bank survey of 2020[1], and it is even more painful to close one.
[1 ]https://openknowledge.worldbank.org/entities/publication/130...
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