Amazon EC2 and Compute Engine both offer a variety of predefined instance configurations with specific amounts of virtual CPU, RAM, and network. Amazon EC2 refers to these configurations as instance types, and Compute Engine refers to them as machine types. In addition, Compute Engine allows you to depart from the predefined configurations, customizing your instance's CPU and RAM resources to fit your workload.
Below image gives a good comparison.
Below image gives a good comparison.
references:
https://cloud.google.com/docs/compare/aws/compute
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