Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.

Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.

A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition.

  • Flying Squid
    16•4 months ago

    Not that I want this to happen, but cybersecurity is probably a far better investment than AI will ever be.

    • @satanmat@lemmy.world
      16•4 months ago

      Internal security is almost always seen as a cost, rather than as an asset.

      So you frequently see a “we have a firewall; let’s cut those jobs and save the money “

      • Flying Squid
        4•4 months ago

        It was more of a comment about how many millions they have wasted on AI with very little to show for it. At least they have a chance of better protecting themselves by acquiring this. They probably won’t, but it’s still more likely to help them out than what they gave to Reddit.