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Does that mean "I have servers... Oxide manages the virtualization"?

Or "I bought a rack full of Oxide and now I have my own puddle of elastic compute on-premises." (If you condense a small cloud, you get a puddle, I presume.)

If hardware is involved it would seem like the latter. In which case they'll be competing with Amazon's on-premises solution and commodity hardware.

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I wonder if they're trying to eliminate the VM substrate layer that clouds today currently run on by replacing it with hardware and an OS that is more amenable to running containers natively with good isolation/security properties?

So, like AWS Nitro?

Nitro doubles down on VMs instead of abandoning them, but it is indeed a good example of what integrated hardware and software can do.

What they did with Nitro is develop custom PCIe devices to handle storage and networking, so these devices' virtual functions (SR-IOV) are directly passed through to the VMs and now the hypervisor basically has nothing to do other than switching contexts.

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