Alphabet, the parent company of Google, will acquire cloud security company Wiz for $32 billion. Alphabet announced that it will purchase Wiz for $32 billion in cash. This acquisition will be Alphabet’s largest to date, increasing its investments in the cybersecurity sector. To gain an advantage in the cloud computing industry against Google, Amazon, and Microsoft, Alphabet will incorporate Wiz’s AI-powered cybersecurity solutions. Companies can eliminate significant risks using Wiz’s technology. It was reported that Alphabet offered approximately $23 billion last year to acquire Wiz, but the deal was canceled due to anti-monopoly concerns.