At first glance, it seems this would even the playing field. However, large players will allocate resources to spinning up instances and overloading machines. Similar to how we're seeing the DDOS shenanigans going on in crypto.

Net-net, it still benefits startup quant shops and sophisticated independents. Most retail isn't doing HFT or really any quant. But for people wanting to have their own shops, this is a better version than having to build hardware and colo.