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Cody Willard Discusses AI’s Impact on Business Future
SKTLS Space Crypto co-founder Cody Willard shared insights on how artificial intelligence (AI) will shape the future of business during his appearance on "Making Money."
Google to Acquire Wiz in $32 Billion Deal
Google has reached an agreement to acquire Wiz, a leading cloud cybersecurity startup, for $32 billion in cash. The deal, announced by Alphabet-owned Google on Tuesday, is "subject to regulatory approval." This all-cash purchase follows Wiz’s rejection of a $23 billion offer from Alphabet last year, citing antitrust concerns and a focus on pursuing an initial public offering (IPO).
Once finalized, Wiz will become part of Google Cloud. The acquisition is expected to be completed by 2026.
Google Logo Spotlight
The Google logo, captured in Toronto, Ontario, Canada, symbolizes the tech giant’s ongoing expansion and innovation efforts. The acquisition of Wiz underscores Google’s commitment to bolstering its cloud security capabilities.
Strengthening Cloud Security
Google emphasized that security has been a cornerstone of its cloud services. The integration of Wiz is expected to enhance cloud security and support multi-cloud environments.
Driving Innovation in Cybersecurity
Wiz CEO Assaf Rappaport expressed enthusiasm about joining Google Cloud, stating that the partnership will accelerate innovation. "Being part of Google Cloud is like attaching a rocket to our backs—it will propel our innovation faster than we could achieve independently," he said.
Founded in 2020 by Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, Wiz has grown into a $12 billion startup. It works with major cloud platforms, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, serving clients like Morgan Stanley, BMW, and luxury conglomerate LVMH.
Continued Multi-Cloud Support
Following the acquisition, Wiz will continue offering its products on AWS, Azure, and Oracle Cloud, ensuring broad accessibility for its customers.
Google’s Cybersecurity Acquisitions
This marks Google’s latest move to strengthen its cybersecurity portfolio, following its $5.4 billion acquisition of Mandiant in recent years. Google Cloud also offers additional security solutions, including Google Threat Intelligence, Google Security Operations, and the Security Command Center.
Wiz’s Rapid Growth
Wiz currently protects 5 million cloud workloads and scans 230 billion files daily, according to its website.
Elon Musk Impressed by Google’s Chip Breakthrough
Separately, Google has reportedly impressed Elon Musk with a new "breakthrough" chip, signaling further advancements in technology.
As AI-driven services like ChatGPT gain traction, Google’s acquisition of Wiz positions it to better compete in this evolving landscape.
Reuters contributed to this report.
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