Google’s $32B Wiz acquisition raises questions on strategy, AI competition, and cloud dominance as investors react skeptically to the record deal.

It's also a lesson in not accepting the first offer — the company turned down Google's offer of $23 billion last summer. Wiz CEO Assaf Rappaport wrote in a blog post that joining Google Cloud will "enable us to execute and innovate even faster" as both businesses "are fueled by the belief that cloud security needs to be easier,

Google’s $32 billion bet is that the opportunity here is far bigger than any of these concerns — Wiz could put Google’s services on the map at a turning point for cloud computing and AI.