Suprised we aren't seeing more of this

That's a fair question. In a sense, yes. However, the point is, that it's not one of the big 3 hyperscalers. Thus it still invalidates the assumption that due to their, well, scale they are unbeatably cheap or even value for money. There are a lot of vendors out there that offer services that are somewhere between the 100 % do it yourself and full cloud where my workload gets pushed onto the cheapest machines at Google's convenience.