Google Announces Free Cloud Storage Service Four Years After Dropbox

Google's free 5 GB will have to compete with established players in this space like Microsoft (free 25 GB), Apple (free 5 GB), and Dropbox (free 2 GB):

http://windows.microsoft.com/en-US/skydrive/home

http://www.apple.com/icloud/

https://www.dropbox.com/

This is a rumor, not an announcement by Google. You can tell because the article opens with "Google is expected to".