What Google Compute Engine means for cloud computing

Reblogged from GigaOM:

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Google's new infrastructure-as-a-service offering Compute Engine is a big, big deal in the world of cloud computing. My colleague Om Malik covered the details in a post earlier today, and we've both offered our pre-emptive views in posts breaking the news that Compute Engine was coming and then confirming it would be announced at IO. Now that it's a reality, here are five things I think Google Compute Engine means for the cloud industry.

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