Isn't there an abstraction cost though, since that price is only for half a board? In my experience (with AWS) I've had a machine with a Titan X outrun a cloud instance by 1.5-2x, which is significant.

There are also other hidden costs that aren't factored into that number. I'm having a hard time getting anything reasonable for under $750/month for 24/7 usage: https://cloud.google.com/products/calculator