This document compares and contrasts cloud computing and grid computing. Grid computing refers to cooperation between multiple computers and servers to boost computational power, with a focus on high-capacity CPU tasks. Cloud computing delivers on-demand access to shared computing resources like networks, servers, storage and applications via the internet. Key differences include grid computing having a lower level of abstraction and scalability compared to cloud computing. Cloud computing also has stronger fault tolerance, is more widely accessible via the internet, and offers real-time services through its utility-based pricing model.