2025年下半年至今，云巨头的投资回报率（ROI）愈发成为市场瞩目的核心指标，美股对缺乏利润增长的Capex往往报以抛售，典型如微软，其公布的财报营收、净利均超预期，但股价随即暴跌10%。
The performance characteristics are attractive with incredibly fast cold starts and minimal memory overhead. But the practical limitation is language support. You cannot run arbitrary Python scripts in WASM today without compiling the Python interpreter itself to WASM along with all its C extensions. For sandboxing arbitrary code in arbitrary languages, WASM is not yet viable. For sandboxing code you control the toolchain for, it is excellent. I am, however, quite curious if there is a future for WASM in general-purpose sandboxing. Browsers have spent decades solving a similar problem of executing untrusted code safely, and porting those architectural learnings to backend infrastructure feels like a natural evolution.
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But in a couple places, Bourdieu notices hints of a different trend: