Yay, the “Google Drive could launch next week” rumors can finally end. Google has officially announced the availability of it cloud storage service Google Drive. Starting today, anyone willing to sign up can get 5GB of free cloud-storage to start and if that’s not enough you can always choose to upgrade to 25GB for $2.49/month, 100GB for $4.99/month or even 1TB for $49.99/month (although I’ve heard people getting even cheaper deals when they sign up). When you upgrade to a paid account, your Gmail account storage will also expand to 25GB. Google Drive competes with the likes of Dropbox, Sugar Sync, and other cloud storage services by offering:

I have some great news for users of the popular cloud storage service Dropbox. Earlier today, the Dropbox team announced that they would be doubling the amount of free storage awarded in their referral program. That’s right, from now on, any friend you get to install Dropbox, you’ll both get 500 MB of free space. For those with a free account, you have the ability to invite up to 32 people for a total of 16 GB of extra storage. Those with Pro accounts will now earn 1 GB per referral, for a total of 32 GB of extra space. Now isn’t that just doubletastic!

The Wall Street Journal has reported that Google is close to launching their cloud storage service to rival the likes of Dropbox. With almost every device becoming a web-enabled device, cloud-storage is becoming the go-to solution for accessing and sharing your files while on-the-go.