November 26, 2012, 4:37 PM — Google on Monday announced a significant ramp-up of its infrastructure as a service (IaaS) cloud offering, upping the number of virtual machine sizes available on its platform across the United States and Europe from four to 40.
In addition to the new instance types, the company trimmed the price of its Google Compute Engine service by about 5% and reduced the price of its Google Cloud Storage by 20%. In a blog post, the company also launched a beta program that provides "reduced availability" storage to customers for up to 30% off, but without a service-level agreement (SLA).
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The moves signal something of a race to the bottom for cloud providers seeking to offer the lowest cost and widest breadth of cloud services and instance types for customers. Amazon Web Services, for example, last month announced the 21st price reduction for its IaaS cloud products since the company launched its service in 2006. AWS is continuing its geographic expansion as well, having recently added an Australian region on top of its cloud services that are already available in Europe, South America and both the East and West coasts of the United States.
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Google has been slowly but surely rounding out its cloud strategy over the past year. The company originally launched a platform as a service (PaaS) application development platform named Google App Engine, but added IaaS offering pay-as-you-go compute and storage options earlier this year.