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A source has informed Reuters that The Next Web's scoop was on the money: Google's Dropbox competitor, Google Drive, is about to happen. Reuters reports Google may announce the new service as early as Tuesday. There will be a 5 gigabyte free version with paid versions ranging up to 100 gigs. As The Next Web noted in its post about the service, the free space reportedly allotted by Google Drive beats Dropbox's 2 free gigabytes.

Reuters also reported on one of the rumored new service's more interesting possible features:

Google Drive will work with sophisticated image search technology to let consumers sift through a wide variety of document types, which could include the likes of Adobe PDF files and photographs, the source said.

Google, as per usual, wouldn't comment regarding the rumor.