The race to the bottom in cloud computing continues apace, and Google is doing its best to fall the fastest.

The latest Google Cloud Platform revisions have cut prices between 5 and 30 percent for various virtual machine configuration types. Plus, a new VM type, called Preemptible VMs, seems specifically designed to put pressure on Amazon.

According to the official Google Cloud Platform blog, the current round of price reductions cuts the cost of a U.S.-based Standard instance by 20 percent, and a Micro instance by 30 percent, with similar price reductions set for Europe and Asia. Google is pushing the package of cost reductions — including automatic discounts and per-minute billing — as a 40 percent cost reduction for common workloads over the competition.

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