Newsletter 17th July, 2024
 

• Technology Space

​

Alphabet to Acquire Wiz
Google's parent company, Alphabet, is in advanced talks to acquire the cybersecurity startup Wiz for approximately $23 billion. This acquisition, if finalized, would be Google's largest ever and would significantly enhance its capabilities in cloud security. The deal, which was first reported by The Wall Street Journal, comes after Wiz recently raised $1 billion at a $12 billion valuation just a few months ago, indicating a rapid increase in its market value.

 

Wiz, an Israeli-based cloud security firm, has been growing rapidly, with its annual recurring revenue increasing from $350 million in 2023 to $500 million recently. The startup's software helps companies secure their cloud applications, which aligns with Google's strategic aim to bolster its cloud security offerings and compete more effectively against leading cloud service providers like Amazon Web Services (AWS) and Microsoft Azure.

 

The potential acquisition underscores Google's ambition to expand its cybersecurity footprint following its $5.4 billion acquisition of Mandiant in 2022. This move also reflects broader trends in the market, where mergers and acquisitions in the cybersecurity sector have been gaining momentum as companies seek to strengthen their defenses against increasing cyber threats 

 

AI-Powered Optical Neural Networks Revolutionize Computing 
Researchers at the Max Planck Institute have developed an innovative optical system for neural networks, utilizing photon power to achieve simpler and more energy-efficient computing methods. This breakthrough has significant implications for enhancing AI application performance while dramatically reducing energy consumption. 

 

Google Health Connect Integrates with Leading Wearables 
Google's Health Connect app, currently in beta, is set to become a central hub for health data by integrating with major wearable brands such as Oura, Fitbit, and Samsung Health. This promises a future of seamless interoperability, allowing users to consolidate health metrics from various devices into one unified platform. 

​

Aston University Sets Data Transmission Speed Record 
Aston University researchers, in collaboration with an international team, have achieved a new world record for data transmission speed, reaching 402 terabits per second using standard optical fiber. This significant breakthrough has the potential to stabilize and revolutionize data transmission capabilities globally.

​

• Partnerships and Collaborations

 

Cisco and Oracle Enhance Cloud Solutions 
Cisco and Oracle have partnered to improve cloud interoperability solutions, enabling seamless application operation across Oracle Cloud Infrastructure and Cisco data centers. This collaboration aims to offer enhanced flexibility and scalability for enterprises. 

 

Intel and VMware Focus on Edge Computing 
Intel and VMware are expanding their partnership to develop comprehensive edge computing platforms. This initiative targets industries such as manufacturing and telecommunications, supporting the deployment of efficient and effective edge computing applications. 

 

• Industry Insights

​

Emerging Technologies for 2024 
The World Economic Forum has identified several emerging technologies poised to impact various sectors, including reconfigurable intelligent surfaces for enhanced wireless communication and high altitude platform stations (HAPS) for improved connectivity in remote areas. These innovations are expected to drive sustainability and digital inclusion efforts globally. 

 

Quantum Networking Advances 
Researchers have developed a novel method for quantum networks using vacuum-sealed tubes to transport quantum data via photons. This approach could revolutionize the field of quantum networking, offering more efficient and secure data transfer over long distances. 
 

Stay tuned to 4dduediligence.com for more updates and insights into the latest technological trends and their implications for your business.