That original Glacier API was infamous for being extremely cheap to write to but prohibitively expensive to read from. Something like 10 cents per list objects request or something ridiculous like that. Can't remember the specifics but I do remember reading blog posts from people that wanted to restore a couple files and had to pay several thousand dollars for that.
I believe that they did alter the pricing at some point. Regardless, the move to just a storage class on S3 made everything much simpler.
We have no idea what AGI might look like, for example entirely possible that if/when that threshold is reached it will be power/compute constrained in such a way that it's impact is softened. My expectation is that open models will eventually meet or exceed the capability of proprietary models and to a degree that has already happened.
It's the systems around the models where the proprietary value lies.
Feeling vindicated for the double entry transaction system we built at clearvoice.com for our two-sided marketplace, leveraging the fantastic DoubleEntry Ruby Gem from Envato.
1. https://karpathy.ai/hncapsule/2015-12-08/index.html#article-...