Alphabet, Google's parent company, announces its largest acquisition ever, buying cybersecurity firm Wiz for $32 billion. This move intensifies its cloud-computing competition against Amazon and Microsoft.

KEY TAKEAWAYS Google parent Alphabet has struck a deal to buy cybersecurity startup Wiz for $32 billion in an all-cash transaction, the tech giant’s largest acquisition ever. Wiz will join Google's cloud business if the deal is approved by regulators.

Taara adapted Loon’s laser technology for use in terrestrial network equipment. The company’s flagship product, the Taara Lightbridge, is a wireless communications system about the size of a traffic light. It transmits data over the air in the form of invisible laser beams.

Taara is a startup that uses light beams to transmit phone and internet service. It has been spun out by Alphabet to become an independent company.