Amazon EC2 Spot Instances are instances that use spare EC2 capacity that is available at up to a 90% discount compared to On-Demand prices. You can use Spot Instances for various stateless, fault-tolerant, or flexible applications such as big data, containerized workloads, high-performance computing (HPC), and test & development workloads. Spot Instances are ideal for workloads that can be interrupted, such as batch image rendering applications1. On-Demand Instances are instances that let you pay for compute capacity by the hour or second (minimum of 60 seconds) with no long-term commitments. This frees you from the costs and complexities of planning, purchasing, and maintaining hardware and transforms what are commonly large fixed costs into much smaller variable costs2. Reserved Instances are instances that provide you with a significant discount (up to 75%) compared to On-Demand Instance pricing. In exchange, you select a term and make an upfront payment to reserve a certain amount of compute capacity for that term3. Dedicated Instances are instances that run in a VPC on hardware that’s dedicated to a single customer. Your Dedicated Instances are physically isolated at the host hardware level from instances that belong to other AWS accounts4.