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Stockreport

Alphabet unveils business unit devoted to cyber security [Reuters]

ALPHABET INC CL C (GOOG)  More Company Research Source: Reuters
US:NASDAQ Investor Relations: abc.xyz/investor
PDF Alphabet unveils business unit devoted to cyber security | Reuters 4 Min Read SAN FRANCISCO (Reuters) - Alphabet Inc launched a new business unit on Wednesday that will sell cyber security software to Fortune 500 companies, the latest move by the parent of Google to become a big player in corporate computing. The new unit, dubbed Chronicle, is betting on the premise that machine learning software, a type of artificial intelligence, can sift and analyze massive stores of data to detect cyber threats more quickly and precisely than is possible with traditional methods. Stephen Gillett, chief executive of Chronicle and a former top official at the cyber firm Symantec Corp, said access to Google’s expertise in automated data analysis would give the company an edge. Alphabet’s big cash pile and existing customer relationships also make Chronicle a threat to security tools vendors such as Symantec, Palo Alto Networks Inc and Cylance Inc. The global cyber security market is worth nearly $100 [Read more]

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