Google Dropbox

The long-rumored Google Drive may finally launch next month, putting the search giant toe to toe with Dropbox, the leader in the cloud storage market.  The latest rumor concerning Google Drive came from GigaOM , which claims "well placed sources" are saying the cloud storage service "might" launch in early April. Drive will offer users 1 GB of free storage and charge for additional space, according to the report. Others in the cloud storage market offer much more than 1 free GB. Dropbox offers 2 GBs, Microsoft's SkyDrive offers 25 free GBs, and Amazon Cloud Drive offers 5 free GBs. A spokesman for the company said in an email that Google does not comment on rumors or speculation.

The long-rumored Google Drive may finally launch next month, putting the search giant toe to toe with Dropbox, the leader in the cloud storage market.  The latest rumor concerning Google Drive came from GigaOM , which claims "well placed sources" are saying the cloud storage service "might" launch in early April. Drive will offer users 1 GB of free storage and charge for additional space, according to the report. Others in the cloud storage market offer much more than 1 free GB. Dropbox offers 2 GBs, Microsoft's SkyDrive offers 25 free GBs, and Amazon Cloud Drive offers 5 free GBs. A spokesman for the company said in an email that Google does not comment on rumors or speculation.

We already knew that Dropbox had an all-star lineup of investors. Now the hot San Francisco startup revealed in a tweet two more: Bono and the Edge , the singer and lead guitarist of the rock band U2. The pair apparently took part in Dropbox's $250 million funding round last year that valued the company at $4 billion. This was the first time that Bono was identified as an individual investor in a tech company, but he's no novice tech investor. He's a co-founder and managing partner in Elevation Partners, which has sunk money into Facebook and Yelp and is raising a new $1 billion fund.