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AdvertisementCher is dating Alexander Edwards, a music executive and producer. Cher rose to fame alongside her first husband Sonny Bono, who was 11 years her senior. AdvertisementEdwards is a music-industry executive who has worked with Def Jam RecordsTyga and Alexander Edwards at the 2024 Victoria's Secret Fashion Show. AdvertisementAs for his future plans, Edwards told Stoned Fox that he's also interested in acting. "Slash Electric Alexander Edwards.. the world is urs now," he wrote in the caption, per People.
Persons: Alexander Edwards, Edwards, Slash, who's, Cher, Alexander, AE, Sonny Bono, Warren Beatty, Kevin Mazur, Stoned Fox, Coco Jones, Muni Long, Justin Bieber, LL, Rihanna, YK Osiris, Osiris, Riggs Morales, Kylie Jenner, He's, Tupac, Usher, Pharrell, Tyga, he's, Amber Rose Alexander Edwards, Amber Rose, Roger Kisby, Def Jam Rose, Donald Trump, Ye, Wiz Khalifa, Sebastian, Rose, urs, Rose accused Edwards, doesn't, Sonny, hadn't, Slash Electric Alexander Edwards, Elisabeth Egan Organizations: Def Jam, Sony Music, New York Times, Def Jam Records, Sony Music Publishing, Last Kings, Last Kings Records, Republican National Convention, TMZ, CBS, Slash Electric Locations: Los Angeles, England
AdvertisementSome venture capitalists expect US President Donald Trump to dial back regulation, potentially making it easier to develop new technologies and do business in Silicon Valley. Related VideoWhile many in Silicon Valley dislike Trump, many VCs and startup founders crave more freedom to pursue riskier new technologies unburdened by regulation. E-acc," referring to the recent Silicon Valley movement that wants technological advancements in AI to move as fast as possible, without any guardrails. Regulation has held Silicon Valley back in recent yearsVCs during Biden's presidency have complained about how tough it's been to get deals done. AdvertisementVCs anticipate an innovation boomAmerica is a country of entrepreneurs, and that's especially true in Silicon Valley.
Persons: , Donald Trump, Elon, Ben Narasin, we've, Trump, Musk, cheekily, Vance, Augustus Doricko, Kamala Harris, Aaron Levie, Harris, Mark Pincus, Biden's, Louis Lehot, Foley, Lardner, Lina Khan —, it's, Biden, JD Vance, Khan, Mason Angel, who's, he's, Narasin, Ben Thompson, Rainmaker's Doricko, Angel Organizations: Service, Elon, Venture, White, Department of Government, Zynga, acc, Google, Microsoft, Nvidia, Federal Trade Commission, Department of Justice, Trump, Republican, Big Tech, FTC, SpaceX, Space Force Locations: Silicon Valley, Silicon
Wiz co-founder discusses the company's expansion into the UK
  + stars: | 2024-10-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz co-founder discusses the company's expansion into the UKRoy Reznik, co-founder and vice president of research and development at cybersecurity firm Wiz, discusses the company's new office in London and broader expansion in the U.K. market.
Persons: Roy Reznik Locations: London, U.K
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz opened London office to double down on UK market, co-founder saysRoy Reznik, co-founder and vice president of research and development, discusses the firm's investment in the U.K. and the broader market opportunity for cybersecurity tools focused on securing cloud environments.
Persons: Roy Reznik Organizations: Wiz Locations: London
LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.
Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London
Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.
Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States
Google unnerved Silicon Valley last week when it agreed to pay $2.5 billion to license Character.AI's technology, hire its two superstar cofounders and 20 percent of employees. The deal came after AI developers Adept and Inflection both effectively sold themselves to Amazon and Microsoft, respectively, in recent months. It was only last year Character.AI raised $150 million in venture funding, which valued the company at $850 million. Its appeal as a chatbot that uses AI to make virtual characters that interact with users seems decidedly niche. Related storiesMost of the founders and investors Business Insider spoke to for this story say Google has little interest in Character.AI's actual product.
Persons: cofounders, Brent Queener, Kyle Sanford, Character.AI, Iris Sun, Noam Shazeer, Daniel De Freitas, Jack Selby, Peter Thiel's, Steve Brotman, Shazeer, De Freitas, PitchBook's Sanford, they're, Roy Bahat, Arvind Jain, Cameron Lester, Lester Organizations: Service, Microsoft, Bonfire Ventures, Business, Apple, Big Tech, AZ, Biden Administration, Federal Trade Commission, Department of Justice, Alpha Partners, FTC, DOJ, New York Times, Google, Madrona Venture, Bloomberg Beta, Jefferies
The Trump Organization unveiled a private plane to fly running mate JD Vance. The leased Boeing 737 was emblazoned with the words 'Trump' and 'Vance' on the fuselage. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJust hours after Donald Trump selected JD Vance as his 2024 running mate, the Trump Organization unveiled the Boeing plane that will fly the VP candidate along the campaign trail. The names "Trump" and "Vance" and the slogan "Make America Great Again!"
Persons: JD Vance, Trump, Vance, Jack Sweeney, , Donald Trump Organizations: Trump Organization, Boeing, Eastern Air Express, Service, Trump Force
Jule Hamrick spent years in physical therapy to learn how to walk again after a West Nile Virus infection. “So kind of like what you see with long Covid, we’ve seen that with West Nile as well, where you can get this ‘long West Nile’ kind of picture.”Watching West Nile patients struggle to recover from their infections made Murray wonder what would become of survivors over time. Brittany Yeager recently returned to the Girl Scout Camp in Idaho where she caught the West Nile virus. She went to two hospitals before a doctor tested her spinal fluid and discovered that she had West Nile virus. The CDC keeps maps of where West Nile cases have been detected in the United States.
Persons: Brittany Yeager, Yeager, Charlie, Streby, , , Kisstina Streby, John Brittingham, he’s, Jule Hamrick, welt, ” Yeager, Brittingham, Jule Hamrick “, Ben Beard, Emma Underwood, , Kristy Murray, Atlanta . Murray, they’ve, ” Murray, Murray, Max Vigilant, we’ve, she’s, Erin Staples, ” Staples, Staples, haven’t, “ It’s, Charlie Yeager Yeager, Heather, ” Heather, Heather Brittingham John, John, backslide, she’d, ” Jule Hamrick, Hamrick, She’s, don’t, It’s, ” Hamrick Organizations: CNN, Girl Scout, US Centers for Disease Control, Prevention’s, Vector, University of South, Emory University, Houston, Harris County Public Health, West, US Food and Drug Administration, New England, of Medicine, CDC, Vaccine, Locations: Idaho, Santa Fe , New Mexico, Roswell , Georgia, University of South Florida, Tampa, Hillsborough County , Florida, West, Atlanta ., New York City, Nile, Harris County, Tex, Texas, West Nile, Kennewick , Washington, CDC’s, United States, Santa Fe, Santa, Albuquerque, Chicago, Houston
Wiz rejects $23B Google deal
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz rejects $23B Google dealCNBC's Steve Kovach joins 'Money Movers' to discuss the latest developments in tech after cybersecurity startup Wiz rejected Google's $23B takeover deal.
Persons: Steve Kovach
Wiz walks away from $23B Google deal
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWiz walks away from $23B Google dealCNBC's Steve Kovach joins 'The Exchange' with details about the dissolution of the Google-Wiz deal.
Persons: Wiz, Steve Kovach Organizations: Google
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. Alphabet's cloud segment has been under pressure to grow amid competition from frontrunners Microsoft and Amazon, something the Wiz deal would have helped with. The shift benefited Wiz, which can flag security issues for applications and data on the Amazon, Google, Microsoft and Oracle public clouds. In an interview with CNBC's Sara Eisen and Carl Quintanilla at the New York Stock Exchange last year, Eisen asked Rappaport if he wants to take the startup public.
Persons: Sundar Pichai, Wiz, Assaf Rappaport, Rappaport, Thomas Kurian, Brendan Burke, It's, Doug Leone, Covid, Sid Trivedi, CNBC's Sara Eisen, Carl Quintanilla, Eisen Organizations: Alphabet Inc, Government, Society, Google, CNBC, Microsoft, Index Ventures, Insight Partners, Lightspeed Venture Partners, Sequoia, PitchBook, Intuit, Ventures, Sequoia Capital, Wiz's, Wiz, Oracle, Foundation Capital, Motorola, Lenovo, New York Stock Exchange Locations: Stanford , California, Sequoia
Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. They expect modest growth in key areas such as cloud and overall revenue, after a quarter of leadership moves, AI announcements and market expansions. During the second quarter, Alphabet saw a number of expansion updates, including for its self-driving car unit Waymo, which opened its service to all San Francisco users. Reid urged employees to continue pushing AI products, suggesting they can fix mistakes as users and employees find them. Alphabet also announced a new finance chief, Anat Ashkenazi, who came from Eli Lily, the world's most valuable drugmaker.
Persons: Sundar Pichai, Barack Obama, America's, Liz Reid, Reid, Anat Ashkenazi, Eli Lily, Ashkenazi, Ruth Porat Organizations: Google, LSEG Revenue, TAC, CNBC Locations: Francisco, Phoenix, India, Mexico
WEX Wrap-Up: Wiz walks away from Alphabet's $1B buyout offer
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWEX Wrap-Up: Wiz walks away from Alphabet's $1B buyout offerCNBC's Frank Holland lays out the top stories impacting the markets today.
Persons: CNBC's Frank Holland
Google faced a setback on Monday when the cybersecurity start-up Wiz rejected its $23 billion acquisition offer, a deal that could have given momentum to its cloud-computing operations. On Tuesday, Google’s parent company Alphabet reminded investors that it’s doing just fine even without the deal. The tech giant reported strong revenue growth in its search advertising and cloud-computing businesses, raising its profit, though the increase in YouTube ad sales fell short of expectations. In the second quarter, Alphabet posted $84.7 billion in quarterly sales, up 14 percent from a year earlier and narrowly exceeding analysts’ estimate of $84.1 billion, according to data compiled by FactSet.
Persons: Wiz, FactSet Organizations: Google
Last week, it looked like Google was poised to snap up the cybersecurity start-up Wiz for $23 billion, in what would have been its largest acquisition ever. The privately held company would instead pursue a public listing on a stock exchange, according to a memo viewed by The New York Times. Wiz would continue to pursue its previously stated goal of generating $1 billion in recurring revenue ahead of an initial public offering, Assaf Rappaport, Wiz’s chief executive, wrote in the memo. “While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz,” he wrote. “Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice.”
Persons: Wiz, Assaf Rappaport, Organizations: Google, The New York Times, Wiz
Wiz ends talks with Google on $23 billion deal
  + stars: | 2024-07-23 | by ( Story Reuters | ) edition.cnn.com   time to read: +1 min
Wiz has ended talks with Google parent Alphabet on a proposed $23 billion deal in which the Israeli cybersecurity startup would have become the US tech giant’s largest ever acquisition, according to a Wiz memo seen by Reuters. Neither Alphabet (GOOGL) nor Wiz have officially acknowledged deal talks. The Wiz memo did not name Google or Alphabet. CNN reported earlier this month that Alphabet was in advanced talks to buy Wiz for roughly $23 billion, citing a person familiar with the matter. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said.
Persons: Assaf Rappaport, ” Rappaport, Wiz Organizations: Google, Reuters, Wiz, CNN
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan
Wiz doesn't want to be taken over by Google, the cybersecurity company's CEO wrote to employees on Monday. Instead of Google's $23 billion deal, Assaf Rappaport said the company wants to go public. Wiz walked away from a $23 billion deal to be acquired by the Big Tech giant, in what would have been Google's largest-ever deal. Instead, Wiz will move forward with plans to go public, CEO Assaf Rappaport told employees in a memo seen by several media outlets. He said he wants to get Wiz to $1 billion in annual recurring revenue — a key metric used by investors — and to an initial public offering.
Persons: doesn't, Assaf Rappaport, , Wiz Organizations: Google, Service, Big Tech, Business
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Persons: Sunday Riley, Laneige, Dyson, skincare, Aestura, , Gabrielle Chase, , Elizabeth Arden, Amazon Staff Pick Anastasia Beverly, Anastasia Beverly, haircare, it’s, — doesn’t, We've Organizations: Business, Amazon, Revlon, Amazon Staff, Elizabeth, Amazon St, St, Dyson, Daily Defense, Defense Locations: Tropez, belif
Arctic Wolf CEO on consolidation in cybersecurity sector
  + stars: | 2024-07-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArctic Wolf CEO on consolidation in cybersecurity sectorNick Schneider, Arctic Wolf CEO, joins 'Closing Bell: Overtime' to discuss Google in advanced talks to acquire cyber startup Wiz, possible IPO, and more.
Persons: Nick Schneider Organizations: Arctic, Google
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle near $23 billion deal to acquire cloud security company WizCNBC's Deirdre Bosa joins 'Power Lunch' with details about Google's possible acquisition of cloud security startup Wiz, which would be its largest-ever buy.
Persons: Wiz CNBC's Deirdre Bosa Organizations: Google
New York 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. Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said. Google Cloud is central to the company’s efforts to diversity revenue beyond its core search advertising business. Notable customers include BMW, Slack and Salesforce, and it works with major cloud companies including Amazon, Microsoft and Google.
Persons: Wiz, Dan Ives, Biden, Trump, Ives, — Assaf Rappaport, Ami Luttwak, Yinon Costica, Roy Reznik, Slack Organizations: New, New York CNN, Google, CNN, Wiz, Wall Street, Motorola, Microsoft, Wedbush, White, Federal Trade Commission, Big Tech, Israel Defense Forces, Fortune, BMW, Amazon Locations: New York, New York City
Alphabet is nearing a deal to buy cybersecurity startup Wiz for $23 billion, per WSJ. Sources told The Wall Street Journal that the tech giant is in advanced talks to buy the startup. Wiz was founded in 2020 and became one of the fastest growing startups a year later. AdvertisementGoogle's Alphabet is closing in on a deal to purchase Wiz, a four-year-old cloud cybersecurity startup, for about $23 billion, sources familiar with the talks told The Wall Street Journal. The sources said that the search engine giant is in advanced talks to buy the company, and a deal is imminent, assuming those talks don't fall apart.
Persons: Organizations: Wall Street Journal, Service, Wall Street, The New York Times, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet-Wiz deal is the tip of the iceberg in broader tidal wave of tech M&A, says Wedbush's IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss if the M&A landscape will change if former President Trump is reelected, cybersecurity for the cloud, and what explains Tesla's stock rebound.
Persons: Wedbush's Ives Dan Ives, Trump, cybersecurity Organizations: Wedbush Securities
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