Without getting into a bunch of jargon and gobbledygook, know this: Google just made it much cheaper for entrepreneurs to create Web-based startups.
It did this by announcing Google Compute Engine. Basically, Google has spare servers that it will rent to Web developers for a price.
Amazon has done this for years, but Google says its service gets “50% more power per dollar” – which is a fancy way of saying about 37% cheaper.
Anyway. Good news for the startups.
The advantage for Google in all this is that it will encourage developers to build things for the Web, which is essentially Google’s platform – best navigated through Google search.