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Google’s public cloud is today releasing in beta its most computationally powerful new virtual machines — virtual slices of physical servers — for developers to rent for building and running applications.

These new virtual machine types pack 32 virtual CPUs. One of the new varieties carries 208 GB of memory.

And perhaps most importantly, the prices for these new virtual machines “demonstrate our belief that cloud pricing should track to Moore’s Law,” Google Compute Engine product manager Scott Van Woudenberg wrote in a blog post on the news today.

That’s not surprising, but it is critical to Google’s multi-pronged strategy in the growing public-cloud market, where Amazon Web Services leads the way and Microsoft Azure also competes.

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Many times in the past year, Google executives have spoken proudly of the company’s intention to bring cloud computing prices in line with Moore’s Law — and essentially undercut prices that are above that, from providers like Amazon and Microsoft. Today again Google is executing on that vision.

Here’s a chart from Google showing regular prices for the new instances, along with prices for “sustained usage,” which implies discounts:

Google 32 vCPU prices.

Above: Google 32 vCPU prices.

Image Credit: Google

Just yesterday, Google announced a new service for backup and disaster recovery: Google Cloud Storage Nearline.

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