Submitted by FreePenalties t3_114hphp in MachineLearning
(Edit: This is definitely an error, not a change in pricing model, so no need for alarm. This has been confirmed by the lead product owner of colab)
Without any announcement (that i could find) google has increased the pricing per month of all its Colab Pro tiers, Pro is now 95 Euro and Pro+ is 433 Euro. I paid 9.99 Euro for the Pro tier last month... and all source i can find also refer to the 9.99 pricing as late as September last year. I have also checked that this is not a "per year" subscription price, it is in fact per month.
I looked at the VM that Colab Pro gives me and did the calculation for a similar VM in google cloud (4 vCPUs, 15GB RAM and a T4 GPU) running 24/7 for a month (Google calculates it as 730 hours).
It costs around 290 Euro, less than the Colab Pro+ subscription...
The 100 credits gotten from the Colab Pro subscription would only last around 50 hours on the same machine!
And the 500 credits from Colab Pro+ would get 250 hours on that machine, a third of the time you get from using Google Cloud, at over 100 euro more....
This is a blatant ripoff, and i will certainly cancel my subscription right now if they don't change it back. It should be said that i do not know if this is also happening in other regions, but i just wanted to warn my fellow machine learning peeps before you unknowingly burn 100 bucks on a service that used to cost 10...
Google Colabs price tiers on 17th of February 2023, 10 times what they were in January 2023.
No_Dust_9578 t1_j8w59ny wrote
This is horrible if true. Usually they announce such changes ahead of time. Seeing your post I rushed to check the current prices but I see no changes at least in the US. I wanna say this is some sort of error.