Dhaka, March 19 -- Google has agreed to purchase cybersecurity startup Wiz for $32 billion, marking its most significant acquisition to date as the company faces mounting regulatory scrutiny and the threat of antitrust actions.
Announced Tuesday, the all-cash deal is part of Google's push into cloud computing amid the ongoing artificial intelligence boom. As demand for AI-driven data centers increases, competition has intensified among Google, Microsoft, and Amazon.
If approved by regulators, Wiz will become part of Google Cloud, a division that has gained prominence despite the company's reliance on search and advertising, which generate most of its $350 billion in annual revenue. The cloud segment has seen rapid growth, with revenue s...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.