Google announced this week that following last year’s commitment that Google Cloud Platform prices will follow Moore’s Law, will reduce prices of virtual machines by 5 to 30%.
Under the new pricing model, cloud compute instances will be cut anywhere from 5 per cent to 30 per cent in US, and similar in Europe and Asia.
Google is also offering a new option for standard VM instances ‘Preemptible VMs’, the new allowing users to set up a standard one-node VM for $0.015 per hour. The service will utilize idle compute nodes during low-activity hours, a feature that Google credits with helping to keep the cost of the service down.
Read the announcement on Google Cloud Platform Blog.