Amazon S3 (Simple Storage Service) is now storing more than 29 billion, an increase of 7 billion from the previous quarter. Amazon says it will cut prices for S3 on Nov. 1.
Cloudbursting: "An application hosting model which combines existing corporate infrastructure with new, cloud-based infrastructure to create a powerful, highly scalable application hosting environment."
Amazon has launched Elastic Block Services (EBS), adding persistent storage capabilities to its cloud computing service, expanding the utility and potential uses of Amazon's platform.