ZDNet points out that Google is planning a new online storage space.However, there is one key difference to note about GDrive. GDrive is said to map to your computer like a simple network drive, enabling drag and drop usability.
It would essentially function as a G:\ drive in Windows.
With infinite storage, we can house all user files, including: emails, web history, pictures, bookmarks, etc and make it accessible from anywhere (any device, any platform, etc). We already have efforts in this direction in terms of GDrive, GDS, Lighthouse, but all of them face bandwidth and storage constraints today.