<ul><li>Alphabet, Google's parent company, is acquiring cloud security startup Wiz for up to $33 billion.</li><li>The deal is similar to LinkedIn's acquisition by Microsoft, with Wiz maintaining its autonomy.</li><li>Google plans to expand Wiz's business and make more acquisitions in the cloud security space.</li><li>Wiz is generating $700 million in annual recurring revenue and is expected to double it to $1 billion this year.</li></ul>

Google is buying Wiz for up to $33B to beef up in cloud security

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