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I'm sorry, but I don't necessarily believe this is great news. Not trying to be pessimistic here, but as long as they're gonna be the only ones out there, they're gonna end up just like M$, one big monopolistic cloud provider. Doesn't matter where it's based, still a monopoly.
Now I'm not saying others aren't gonna pop in and do something similar. If that's the case, that's great, but if not, we're just gonna make the same mistake all over again. We need competition, right now we don't have that because M$/Amazon/Google have all the power.
It kinda doesn't apply to cloud providers though, but I really believe decentralization is the only sustainable way forward. In the world of cloud providers and similar, competition and multiple options/providers is the key. We don't need more monopolies.