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http://www.forbes.com/sites/bruceupbin/2012/03/01/the-credit-card-is-the-new-app-platform/ This is a guest post written by Reid Hoffman , Ali Rosenthal and James Slavet from Greylock Partners . Credit and debit cards are ubiquitous, but they’re mostly pretty dumb.

The Credit Card Is The New App Platform

(Credit: James Martin/CNET) Google and Microsoft are reportedly neck and neck to get an Infrastructure as a Service cloud computing offering off the ground in the near future. According to tech news site GigaOM , sources say that while Google has been busy building a cloud service that will compete with Amazon's EC2 cloud, Microsoft has also been racing to get its own Infrastructure as a Service platform out.

Google, Microsoft said to be creating new cloud services | Internet & Media

http://news.cnet.com/8301-1023_3-57436769-93/google-microsoft-said-to-be-creating-new-cloud-services/