AWS Lambda is a compute platform that enables you to run small to medium-sized applications in the cloud. It provides a compute instance for each invocation of your code, so you pay only for the time your code is running.
AWS Lambda also offers scaling options, so you can increase or decrease the number of compute instances that are running your code.
PRO TIP: AWS Lambda is a serverless computing service that charges customers based on the amount of compute time and memory used. Although Lambda can be cheaper than traditional web hosting, it is not necessarily less expensive overall.
AWS Lambda is relatively inexpensive, and you can run multiple applications on the same instance. However, the amount of time that your code runs is based on the number of requests that are queued up and the number of compute instances that are running your code.
If you need more compute instances, you can pay for additional hours.
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AWS Fargate is a new compute service from AWS that was announced at re:Invent 2018. Fargate is a public cloud compute service that lets you run large scale compute tasks on AWS. Fargate is based on the EC2 Fargate service that was announced in March 2018.
AWS Lambda is a compute service that lets you run code without having to provision or manage servers. You can use Lambda to run code on demand, in response to events or commands. Lambda lets you run code in response to events or commands, which can be useful for tasks such as automatically responding to customer feedback, polling a remote data source, or automatically taking actions in response to changes in your data.