Alphabet Buys Wiz for $32B, Sells AI Stock
Meanwhile, Alphabet’s CapitalG independent growth fund, managing $7 billion in assets, has been an early investor in many major companies (16 of which have gone public). As of the end of Q2, the fund held 36 publicly traded stocks-a drop from 40 after divesting several holdings. One notable exit was from a major AI stock that CapitalG first backed during its Series C in 2015. Instead, Alphabet’s parent company has agreed to acquire a five‐year‐old startup in the same space for $32 billion. So it goes.