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Why Wiz Really Turned Down Google’s $23 Billion Offer

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Welcome back to the week in review. This week we’re attacking you right after TechCrunch Disrupt! In case you missed it, we’re revisiting conversations with Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Disney star-turned-space CEO Bridgit Mendler. Of course, we even have news from the remainder of the tech world. Let’s do it.

Why did Wiz reject $23 billion? Wiz co-founder and CEO Assaf Rappaport said during TechCrunch Disrupt that turning down Alphabet’s offer was “the hardest decision ever,” but they did it because they believed the cloud security space was a possibility for the $100 billion company. At the time Wiz rejected the offer, the startup’s private valuation was $12 billion. The president admitted that he also had other offers, although none were as big as Google.

Apple had per week filled with discoveriesincluding the most recent additions to its M-series chips. The company unveiled the brand new M4 Pro, which can debut alongside the tiny latest Mac mini and M4 Max, the latter of which can appear within the MacBook Pro line as an expandable option. Apple also refreshed its desktop accessories, switching them from Lightning to USB-C. But the Magic Mouse’s charging port still sits awkwardly at the underside.

Dropbox slows down 20% its workforce. In a letter to employees, CEO Drew Houston said the cloud company goes through a “period of transition” and that the goal is to make cuts in areas where Dropbox has “over-invested” while also designing a “flatter and more efficient” team structure. The employment reduction will affect 528 employees.



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Image credits:Kimberly White for TechCrunch/Getty Images

What is plagiarism? During TechCrunch Disrupt, Perplexity CEO Aravind Srinivas was asked how the corporate defines “plagiarism.” Srinivas didn’t say so explicitly, but he firmly stated that Perplexity “always cites its sources” and doesn’t claim ownership of any content. Read more

OpenAI could also be constructing its first AI chip: According to Reuters, OpenAI is working with TSMC and Broadcom to construct an internal AI chip to run AI models, which could appear as early as 2026. Read more

Turn your design into reality: Arcade AI is a brand new form of marketplace that permits customers to input their ideas right into a generator, which then generates a wide range of design options that might be dropped at life in the shape of tangible jewelry. Read more

From Disney Channel to CEO: Former Disney star Bridgit Mendler joined TechCrunch Disrupt to debate how she founded Northwood Space and why the space startup is committed to solving “unsexy problems.” Read more

AI involves recruiters: LinkedIn summarizes its latest artificial intelligence project: Hiring Assistant. The product is designed to perform a wide selection of recruiting tasks, from processing irrelevant notes to turning them into job descriptions, to sourcing and contacting candidates. Read more

Matt Mullenweg presents his case: The WordPress co-founder and CEO of Automattic told TechCrunch Disrupt that he isn’t fearful that the recent legal drama between his company and WP Engine may lead to a fork of the open-source WordPress software. In fact, he said he would welcome it. Read more

Olivia Wilde, VC: According to Bloomberg, actress and director Olivia Wilde quietly founded enterprise capital firm Proximity Ventures late last 12 months. The company has already signed 4 investments, including the biotechnology company Pendulum Therapeutics. Read more

Slice marks its presence in India: Fintech Slice has merged with North East Small Finance Bank, marking a rare instance of a startup successfully entering India’s highly regulated banking sector. The merger transforms Slice right into a banking entity after months of regulatory scrutiny. Read more

An easier solution to code: Announced at GitHub’s annual conference in San Francisco, Spark is an experiment began within the GitHub Next labs that lets you quickly construct a small web application using only natural language. Read more

Turn text right into a podcast: Meta has released an “open” implementation of the viral podcast generation feature in Google NotebookLM. A project called NotebookLlama can generate podcast-style repeating summaries of text files uploaded to it. Read more

Zoox calls Tesla’s bluff: Zoox co-founder and CTO Jesse Levinson doubts whether Tesla will launch a robot transportation service next 12 months. “The fundamental problem is that they don’t have the technology that works,” he told TechCrunch Disrupt. Read more

And the winner is…: The winner of the Startup Battlefield 200 competition at TechCrunch Disrupt was Salva Health. The company’s Julieta device is a conveyable, AI-powered breast cancer detection device that eliminates barriers to early screening, ensuring access even in distant areas. Read more

 

This article was originally published on : techcrunch.com

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