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AWS Lambda Managed Instances allows running Lambda functions on EC2 compute while AWS handles all infrastructure management. This new capability provides access to specialized hardware like Graviton4 processors and EC2 pricing models (Savings Plans, Reserved Instances) offering up to 72% discounts. Functions can process multiple concurrent requests per execution environment, reducing compute consumption. AWS manages instance provisioning, OS patching, load balancing, and auto-scaling. Available in five regions with support for Node.js, Java, .NET, and Python runtimes. Pricing includes standard Lambda request charges, EC2 instance costs, and a 15% compute management fee.

Introducing AWS Lambda Managed Instances: Serverless simplicity with EC2 flexibility