Google slashes cloud computing prices

Internet search giant unveils cut price offer to combat Amazon and Microsoft.

Google Inc has slashed its cloud computing service prices, seeking to wrest customers from Amazon.com Inc and Microsoft Corp in the fast-growing market of renting computers and data storage to companies.

Price cuts range from 30 to 85 per cent. Google's Cloud Storage will cost 2.6 cents per gigabyte, about 68 per cent lower for most customers. Google's Compute Engine services will cost 32 per cent less across all sizes, regions and classes.

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