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You can launch an Amazon Elastic MapReduce job flow in Spot Instances. Amazon Elastic MapReduce is a data analysis tool that simplifies the set up and management of a computer cluster, the source data, and the computational tools that help you implement sophisticated data processing jobs quickly. For more information, see Introduction to Amazon Elastic MapReduce.
The following video describes how Spot Instances work in Amazon EMR and walks you through the process of launching a job flow on Spot Instances from the AWS Management Console.