We are excited to announce a new generation of the original Amazon EC2 instance family, second generation Standard instances (M3 instances). These new instances provide customers with the same balanced set of CPU and memory resources as first generation Standard instances (M1 instances) while providing customers with 50% more computational capability/core. M3 instances come as two instance types; extra-large (m3.xlarge) and double extra-large (m3.2xlarge), and are currently available in the US East (N. Virginia) region, starting at a Linux On-Demand price of $0.58/hr for extra-large instances. Customers can also purchase M3 Standard instances as Reserved Instances or as Spot instances.
To learn more about Amazon EC2 instance types and to find out which instance type might be useful for you, please visit the Amazon EC2 Instance type page.
Along with the introduction of the M3 Standard instance family, we are announcing a reduction in Linux On-Demand pricing for M1 Standard instances in the US East (N. Virginia) and US West (Oregon) Regions by almost 19%, with the M1 small (m1.small) instance now available for $0.065/hr. The new pricing is effective November 1.
You can see the new, lower, pricing for all M1 instances and complete pricing for M3 instances on the Amazon EC2 pricing page.