Alphabet Inc. is in talks to purchase cloud-security company Wiz Inc. for $33 billion, restarting discussions that were called off last summer after extended negotiations, according to people familiar with the matter.

Google owner Alphabet will buy cybersecurity firm Wiz for $32 billion — in a deal set to boost the tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth.

Alphabet (NasdaqGS:GOOGL) recently experienced a 2.05% decline in its share price over the last week. This period was marked by significant developments for the company, including ongoing discussions about acquiring Israeli cybersecurity firm Wiz,