Key Points
(Bloomberg) -- Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter...
As was the case with the HubSpot deal, a potential acquisition as large as that of Wiz is unusual for a big tech company like Alphabet, given the heightened scrutiny that the company faces by antitrust regulators...
Though Google still lags behind Microsoft Corp. and Amazon.com Inc. in the market for cloud computing, the company reported that its cloud unit has been profitable in consecutive quarters, after years of the unit being a money-losing operation...
An acquisition of Wiz, a cloud and cybersecurity company, could help Google catch up to Microsoft and Amazon in an increasingly competitive cloud market...
Such tools often require enormous data sets to be uploaded to the cloud that AI models can train on, in order for them to be able to generate output like images, marketing campaigns or software code, based on what users prompt the generative AI software with...
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