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March 25, 2014 AT 11:36 AM
Google slashed its cloud computing service prices on Tuesday, seeking to wrest customers from Amazon.com and Microsoft in the fast-growing market of renting computers and data storage to companies. Price cuts range from 30 to 85 percent. Google's Cloud Storage will cost 2.6 cents per gigabyte, about 68 percent lower for most customers. Google's Compute Engine services will cost 32 percent less across all sizes, regions and classes.