From the heart of where innovation, money, and power collide, in Silicon Valley and beyond, this is Bloomberg I'm Caroline Hyde.

And I'm Tim Steeneveck in San Francisco.

This is Bloomberg Technology.

Coming up, Alphabet is set to acquire cloud security firm WIS.

For $32 billion in cash, the acquisition is Alphabet's largest to date.

Plus all eyes on Nvidia's CEO, Jensen Huang, is set to take the stage in a few hours

as investors seek clarity on Blackwell Ultra and the next AI chip breakthrough.

And Chinese carmakers gaining market share globally. This is BYD's

soles on the news of its five-minute charging system. Alphabet off by more than 3% as the market

falls, but also after a huge acquisition is announced, its biggest ever, and it's going to be

leaning into cloud security with the help of WIS. This is just a five-year-old company, Tim,

and it's backed by VCs.

It's going to be a bit of a payday if they can get it secured by 2026.

But phenomenal ride for these group of four founders who built once before and sold out to Microsoft back in 2015.

This time it's Google's Chalps.

Yeah, incredible track record and incredible what they've done in five years.

For more on Google's

Wiz acquisition, Bloomberg's Katie Roof joins us now. Katie, you've been following this for the last

10 months. Wiz spurned the offer of $23 billion over the summer. Apart from the additional $9 billion,

what changed? That's right. Well, yes. Obviously, they had 9 billion more reasons to say yes, but also one thing that's changed is the

regulatory environment and at least the perception that it will be better under this regulatory

environment.

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