VTI - Palo Alto Networks Stock Jumps On Expanded AI Partnership With Google Cloud: The Details | Benzinga
Palo Alto Networks Inc (NASDAQ:PANW) shares are trading higher Tuesday after the company announced an expansion of its partnership with Google Cloud.
What Happened: Palo Alto announced that it extended and increased its commitment to Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud with a ten-figure, multi-year commitment and named Google Cloud its AI and infrastructure provider of choice.
Palo Alto said the expanded agreement solidifies its place as Google Cloud’s preferred next-generation firewall provider. The agreement also underscores the critical importance of platformization fueled by AI to deliver near-real-time security resolutions, the company said.
“As the threat landscape intensifies, organizations are betting on AI-powered platformization to protect their most ...