Sunday Mar 23, 2025

Tech Giants’ Bold Moves: Alphabet’s Record Acquisition and China’s AI Surge

In today's episode, we delve into Alphabet's historic $32 billion acquisition of Israeli cloud security startup Wiz, marking a significant shift in the tech landscape. We also explore the escalating AI arms race as Tencent and Alibaba invest heavily in AI infrastructure, challenging U.S. dominance. Plus, we cover the largest cryptocurrency heist in history, with Bybit losing $1.5 billion to hackers, raising critical questions about digital asset security. Join us for these stories and more on Simply News.

Sources:
https://techcrunch.com/2025/03/18/google-is-buying-wiz-for-32b-to-beef-up-in-cloud-security/
https://en.wikipedia.org/wiki/Wiz,_Inc.
https://www.cbinsights.com/company/wiz
https://blog.google/inside-google/company-announcements/google-agreement-acquire-wiz/
https://thebusinessjournal.com/google-to-buy-cybersecurity-firm-wiz-for-32-billion-in-the-biggest-deal-in-companys-history/
https://www.morningbrew.com/stories/2025/03/19/google-wiz-biggest-acquisition-ever
https://techcrunch.com/podcast/inside-the-google-wiz-acquisition-and-the-deals-biggest-winners/
https://www.kare11.com/article/news/nation-world/google-buys-cybersecurity-firm-wiz-32-billion-largest-deal-company-history/507-d7a9cc40-bdd3-4640-8144-7cc42f95e275
https://cloud.google.com/blog/products/identity-security/google-announces-agreement-acquire-wiz
https://www.wiz.io/blog/wiz-joining-google
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https://seekingalpha.com/article/4768632-qqq-versus-kweb-chinas-lead-over-the-us-may-be-temporary
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https://seekingalpha.com/article/4769461-tencent-q4-multi-model-ai-strategy-will-pay-off-doubling-shares-repurchase
https://www.morningstar.com/stocks/tencent-earnings-accelerated-growth-stepped-up-ai-bets
https://thecampanile.org/31601/showcase/ai-arms-race-sparks-innovation-raises-quality-privacy-concerns/
https://www.nbcmiami.com/news/business/money-report/tencent-fourth-quarter-profit-surges-90-on-gaming-and-advertising-boost/3570967/?os=%40%40NUE0o&noamp=mobile
https://thegulfobserver.com/ai-and-the-new-world-order-who-will-establish-the-future-the-us-or-china/
https://www.mitrade.com/insights/news/live-news/article-3-711697-20250321
https://www.thestreet.com/crypto/investing/bybit-tracks-1b-in-stolen-crypto-through-mixers
https://www.bleepingcomputer.com/news/security/us-removes-sanctions-against-tornado-cash-crypto-mixer/
https://www.swktech.com/march-2025-cyber-news-recap/
https://www.tbsnews.net/world/crypto-exchange-bybit-loses-15-billion-record-hack-1074776
https://securityaffairs.com/174514/cyber-crime/lazarus-stole-1-5b-from-bybit-cryptocurrency-heist.html
https://www.fintechweekly.com/magazine/articles/north-korea-becomes-third-largest-bitcoin-holder-after-bybit-hack
https://coinmarketcap.com/academy/article/stolen-bitcoin-worth-dollar16-million-laundered-through-wasabi-mixer-says-bybit-ceo
https://www.daily-sun.com/post/793678
https://news.shib.io/2025/03/18/north-koreas-lazarus-group-expands-crypto-holdings-after-bybit-hack/
https://www.scmp.com/week-asia/economics/article/3302798/north-korea-rolling-bitcoin-only-us-and-uk-have-more
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https://securityaffairs.com/174735/cyber-crime/fbi-north-korea-responsible-bybit-hack.html
https://cryptoslate.com/bybit-ceo-reveals-hackers-laundering-stolen-ethereum-via-bitcoin-mixers/
https://www.fintechweekly.com/magazine/articles/bybit-ceo-ben-zhou-says-most-funds-are-still-traceable
https://www.coinspeaker.com/bybit-hack-88-of-the-1-5-billion-stolen-funds-still-traceable/
https://www.mondaq.com/canada/capital-gains-tax/1600702/theft-of-cad$15-billion-of-ethereum-how-cra-treats-stolen-property-tax-wise-plus-tax-implications-for-crypto-exchanges-in-canada

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