The Wall Street Journal reported yesterday that Google may have it’s own cloud music service up by today.

The paper claims that an announcement about a beta service may be made today at Google‘s annual developers conference in San Francisco, this simplified service consisting of a remote server on which music can be uploaded and stored for playback on any web browser.

Unfortunately due to the limitations imposed by copyright, the users of this service will likely be able to download music from this server nor be able to add music to the service remotely, like on Amazon.com. The Wall Street Journal claims that Google has yet to begin negotiating with the labels for licenses.

Meanwhile, the iTunes cloud service appears to be on schedule, Apple having secured lisencing from Warner Music Group last month. But many speculate that a fee will likely be charged because of the bandwidth the service requires to operate.