Why Google made a $32 billion bet on Wiz

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Google’s latest acquisition is its most expensive yet — and perhaps its riskiest, too. On Tuesday, the search giant announced that it acquired the cloud security startup Wiz for $32 billion. It’s a major bet that Wiz can help beef up Google’s cloud business, which makes far less money than the offerings built by its biggest rivals. But to do that, Google faces real challenges integrating this expensive acquisition and dodging regulatory concerns around what’s certain to be a high-profile purchase. Both Microsoft and Amazon have profited handsomely from the AI cloud gold rush, with their cloud services reporting revenues reaching $105.4 billion and $107.6 billion, respectively, during fiscal year 2024. Google, on the other hand, is a minor player in comparison; its cloud revenue surpassed just $43 billion in 2024. With the AI boom showing ... Read full article.