Alphabet, Google's parent company, has announced its largest-ever acquisition, purchasing cloud security startup Wiz for $32 billion in cash. The deal includes an additional $1 billion in retention bonuses for Wiz's 1,700 employees. Founded in Israel in 2020, Wiz will operate independently within Google's cloud division while supporting multiple cloud providers. The acquisition aims to strengthen Google's position against cloud computing rivals Amazon and Microsoft, capitalizing on growing AI-driven data center demand. The deal, expected to close in 2026, follows Google Cloud's impressive 64% revenue growth to $43.2 billion in 2023.