Google has announced the service via their blog as "A place where you can create, share, collaborate, and keep all of your stuff."
The cloud service will be similar to others where you can upload all your videos, photos, Google Docs, books and more.
Create and collaborate. Google Docs is built right into Google Drive, so you can work with others in real time on documents, spreadsheets and presentations. Once you choose to share content with others, you can add and reply to comments on anything (PDF, image, video file, etc.) and receive notifications when other people comment on shared items.
Store everything safely and access it anywhere (especially while on the go). All your stuff is just... there. You can access your stuff from anywhere?on the web, in your home, at the office, while running errands and from all of your devices. You can install Drive on your Mac or PC and can download the Drive app to your Android phone or tablet. We're also working hard on a Drive app for your iOS devices. And regardless of platform, blind users can access Drive with a screen reader.
Search everything. Search by keyword and filter by file type, owner and more. Drive can even recognize text in scanned documents using Optical Character Recognition (OCR) technology. Let's say you upload a scanned image of an old newspaper clipping. You can search for a word from the text of the actual article. We also use image recognition so that if you drag and drop photos from your Grand Canyon trip into Drive, you can later search for [grand canyon] and photos of its gorges should pop up. This technology is still in its early stages, and we expect it to get better over time.
The first 5GB are free and upgrades are available. 25GB will cost you $2.49 per month, 100GB will be $4.99 per month and if you need a massive amount of space in the cloud, 1TB is $49.99 a month.
If you upgrade your Drive, your Gmail account will be upgraded to 25GB storage, as well.
Check Drive out here: https://drive.google.com/start#home
Written by: Andre Yoskowitz @ 24 Apr 2012 18:19