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In the not too distant past, storage was limited and expensive. As recently as 1980, 1 megabyte of disk storage cost $200. Storage capacity is now so abundant and compact that you can record every voice conversation you’ll ever have in a device that can fit into the palm of your hand. But this is no longer the case.
Hardware virtualization for cloud computing has come a long way, improving performance using technologies such as VT-x, SR-IOV, VT-d, NVMe, and APICv. At Netflix, we've been using these technologies as they've been made available for instance types in the AWS EC2 cloud. The AMI and boot are now HVM.
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