[citation][nom]husker[/nom]No one can claim to invent cloud computing, because it is simply another version of the old mainframe and terminal model. The only difference is that now instead of a closed network, the "terminal" connects to the internet. Essentially not a new concept just a natural evolution of one that has been there for a long time.[/citation]
You just beat me to it.
Back in the 70s I was taking 'IT' classes at Hamburg University on an IBM mainframe; a 1 MIPS power house

We students are on the dumb terminals and the big 'machine' behind glass with A/C and guys in white coats attending to it; just like in the old movies. So we ran our little programs remotely on that machine, getting charged CPU time.
Pretty much what cloud providers do now. So many CPUs, time, GB storage and TB data transfer per month etc.