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Wiz CEO Assaf Rappapport is coming to Disrupt 2024

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TechCrunch Disrupt 2024 Assaf Rappaport Wiz

The tech world took a major double take this year when a security startup called Wiz founded out of Israel just four years earlier became the subject of a record-breaking, $23 billion acquisition attempt by Google — an offer the startup boldly proceeded … to refuse.

Really? Yes, really.

We will be talking to Assaf Rappaport, Wiz’s CEO and co-founder, on the Disrupt Stage at TechCrunch Disrupt 2024, taking place at Moscone West in San Francisco from October 28-30, to ask him all the big questions about this, and more: Why did Rappaport walk away from the deal? What is next for Wiz? Breaches are a total nightmare: Can we ever fix cybersecurity once and for all? And what’s the secret to his success?

Wiz may right now be known most for being the startup that said no to Google, but its real standout is that it is not your average cloud security provider.

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There is no high watermark for data breaches or malicious network activity these days: Incidents just keep growing in number and impact. And Wiz has emerged as a go-to, all-in-one platform for businesses of all sizes looking for a better defense profile. In a field heavy with competition, Wiz has been growing like a weed.

And Wiz’s leader, Assaf Rappaport, is not your average founder.

With a background heavy in academics and military intelligence, Rappaport has an uncanny ability to see what is coming around the corner before others do, and he has figured out how to harness his expertise into tools that just work to address that.

Rappaport also happens to have a track record beyond his current business that proves this out. Before starting Wiz, he founded and sold his previous security startup to Microsoft. That became the basis of the company’s whole cloud security business.

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With Rappaport still only at the relative start of his career, and Wiz still going strong, there are more chapters yet to be written in this story.

Get your Disrupt ticket to hear alongside 10,000 other startup and VC leaders more about what makes cybersecurity, Wiz, and Rappaport tick. Register your pass before prices increase at the door.

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Science & Environment

Why oil prices haven’t skyrocketed on Middle East supply fears — yet

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Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation


A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023.

Fatemeh Bahrami | Anadolu | Getty Images

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Oil prices have jumped more than $5 a barrel since the start of the week amid intensifying fears that Israel could launch an attack on Iran’s energy infrastructure.

The rally, which puts crude futures on track for gains of around 8% week-to-date, has surprised many market observers in that it appears to be somewhat subdued given what’s at stake.

Energy analysts have questioned whether oil markets are being too complacent about the risk of a widening conflict in the Middle East, particularly given that the fallout could disrupt oil flows from the key exporting region. Iran, which is a member of OPEC, is a major player in the global oil market. It’s estimated that as much as 4% of global supply could be at risk if Israel targets Iran’s oil facilities.

For some analysts, the reason crude prices have yet to move even higher is because the oil market is short. This refers to a trading strategy in which an investor hopes to profit if the market value of an asset declines.

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“There is a very large short position, not only in oil, you [also] see it in equities. In general, the investors don’t like this space. Why? They are concerned about a big oil supply glut next year,” Jeff Currie, chief strategy officer of energy pathways at Carlyle, told CNBC’s “Squawk Box Europe” on Wednesday.

“When we look at the situation today, it is starkly different. Inventories are low, curve is backwardated, demand is middling, it’s not great but now you have [China’s] stimulus package on top of that, and you still have the OPEC production cuts,” Currie said.

Oil market is short, says Carlyle Group's chief strategy officer

“On top of that, we’ve thrown in potential conflict in the Middle East that could take out some energy facilities, so the near-term outlook is positive, which is why the front of the curve is strong, but it is being weighed down on the back end over the fears of this big oil supply glut,” he added.

The market is backwardated, or in backwardation, when the futures price of oil is below the spot price. The opposite structure is known as contango.

‘The market is so short’

Amrita Sen, founder and director of research at Energy Aspects, echoed Currie’s view.

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“The market is so short. We’ve never seen these levels of record shorts before,” Sen told CNBC’s “Squawk Box Europe” on Thursday.

Many oil traders appear to have taken a bearish position on the belief that China’s stimulus rally will fail to restore confidence in the world’s second-largest economy, Sen said, adding that market participants also tend to expect OPEC and non-OPEC allies to boost oil production later in the year.

U.S. hasn't been able to yield power it used to have in the Middle East, says Energy Aspects founder

“The market has just gotten itself into this fit of around bearishness but that’s why if it goes, we could be above $80 very quickly,” Sen said.

International benchmark Brent crude futures with December expiry traded 0.1% lower at $77.54 a barrel on Friday, while U.S. West Texas Intermediate futures stood at $73.65, down 0.1% for the session.

Fundamentals ‘anything but encouraging’

Oil’s biggest move this week came on Thursday, when prices popped more than 5% following comments from U.S. President Joe Biden over a possible retaliatory move from Israel following Iran’s ballistic missile attack earlier in the week.

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Asked by reporters whether the U.S. would support an Israeli strike on Iranian oil facilities, Biden said: “We’re discussing that. I think that would be a little – anyway.” The president added that “there’s nothing going to happen today.”

CNBC has reached out to the White House for further comment.

Oil prices could rally above $200 if Iran’s energy infrastructure is wiped out, analyst says

Tamas Varga, an analyst at oil broker PVM, told CNBC via email on Thursday that the oil market was pricing in some risk premium given the geopolitical concerns.

“This is why oil is stable-to-higher, equities are weakening, and the dollar is strong. These fears, however, will be greatly alleviated in [the] coming days unless oil supply from the region or traffic through the Strait of Hormuz are materially impacted,” he added.

Situated between Iran and Oman, the Strait of Hormuz is a narrow but strategically important waterway that links crude producers in the Middle East with key markets across the world.

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“Under this scenario underlying fundamentals will become the driving force again and these fundamentals are anything but encouraging,” Varga said.

Israeli Prime Minister Benjamin Netanyahu on Tuesday pledged to respond with force to Iran’s ballistic missile attack, insisting Tehran would “pay” for what he described as a “big mistake.” His comments came shortly after Iran fired more than 180 ballistic missiles at Israel.

Speaking during a visit to Qatar on Thursday, Iranian President Masoud Pezeshkian said his country was “not in pursuit of war with Israel.” He warned, however, of a forceful response from Tehran to any further Israeli actions.

An Islamic Revolutionary Guard Corps (IRGC) speed boat is sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, Bushehr province, in the south of Iran, on April 29, 2024.

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Nurphoto | Nurphoto | Getty Images

Bjarne Schieldrop, chief commodities analyst at the Swedish bank SEB, said that oil prices were surprisingly steady given the high stakes.

“I think it is definitely a little bit about short covering, but [the price rally] is surprisingly weak … given the scenarios that might play out in the Middle East,” he told CNBC’s “Street Signs Europe” on Thursday.

Schieldrop said Brent crude prices had largely traded between $80 to $85 for around 18 months or so, before dipping below $70 in September. He described the oil contract’s recent move higher as “very meager,” especially given the “potentially devastating scenarios in the Middle East.”

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— CNBC’s Spencer Kimball contributed to this report.



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Technology

‘I have no idea’: The Rings of Power’s Daniel Weyman doesn’t know if The Stranger will meet Sauron in season 3, but he’s open to it

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The Stranger looks curiously at his new staff in The Rings of Power season 2 finale

Full spoilers immediately follow for The Rings of Power season 2’s final episode.


The Rings of Power‘s Daniel Weyman doesn’t know if The Stranger/Gandalf will encounter Sauron next season, but he’s certainly not ruling it out.

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Dell Tower Servers Looking for Refurbished Dell Tower Server price list

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Dell Tower Servers Looking for Refurbished Dell Tower Server price list



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A NASA Mars rover has a giant hole in one of its wheels

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A NASA Mars rover has a giant hole in one of its wheels

If the tire on your car fails, it’s either a case of changing it yourself or getting someone to do it for you. For rovers on Mars, neither option is available.

The good news is that the wheels on NASA’s robot vehicles are robust enough to keep on rolling even after suffering serious damage.

A photo recently beamed to Earth by NASA’s trusty Curiosity rover shows significant damage to its middle right wheel, but the vehicle is still able to traverse the red planet’s rocky terrain without too much difficulty.

“These big wheels keep on turning,” a message accompanying the photo said on Curiosity’s X (formerly Twitter) account on Thursday. “Recent photos of my wheels got some of you worried, but I’m here to reassure you, we’re just fine! The images help my team keep tabs on wear and tear. If it came down to it, I could shed part of them off and keep on rolling.”

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Each wheel is 50 centimeters in diameter and 40 centimeters wide, and was machined from a single block of aluminum. The wheels also have grousers (treads) that protude 7.5 millimeters from the wheel skin. Since touching down inside Mars’ Gale Crater 12 years ago, the rover has traveled around 20 miles (32 kilometers) across the challenging martian surface, which is a whole lot of rolling.

It’s not actually a big surprise that Curiosity’s wheel is looking a little tattered and torn, as holes started appearing on the rover’s wheels as early as 2013, just a year after it touched down on the distant planet.

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One of Curiosity’s remote operators said in 2014 that when the team examined some images of Curiosity’s wheel early on in the mission, “We saw a hole that was much larger than we had expected. This did not match anything we had seen in our tests. We didn’t know what was causing it. We didn’t know if it was going to continue.”

After considering how to reduce the damage, the Curiosity team began selecting routes with less treacherous terrain, and in 2017 they uploaded a new algorithm to the rover that altered each wheel’s speed and helped to lessen the pressure from rocks that it came into contact with.

Wheel damage has certainly slowed the progress of Curiosity and limited the paths that it can take, but the NASA team operating the mission are still able to achieve much with the plucky rover.


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Servers computers

Dell PowerEdge Tower Server | Models List | Price/Cost

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Dell PowerEdge Tower Server | Models List | Price/Cost



Infinian Technology Dealer, Distributor and Partner of Dell PowerEdge Tower Server Provider in India – Bangalore, Chennai for Price/Cost Call: 9739091119

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Samsung Passkeys will work with Samsung’s smart home devices

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Samsung Passkeys will work with Samsung's smart home devices

Since its inception, multiple tech companies have adopted Passkeys for authentication. Google is one of the big names that has pushed the system the most through its password manager, as well as others like LastPass. Samsung’s password manager also supports Passkeys and will extend its compatibility to smart home devices.

If you’re not aware, Passkeys were born to make authentication easier and even more secure. Instead of using traditional passwords, Passkey systems use a combination of biometrics and cryptographic keys to log you into your favorite services and websites. This solves potential security issues, such as using the same login credentials across multiple services.

Samsung to expand the reach of Passkeys to smart TVs, refrigerators, and more

Currently, Samsung is holding its developer conference. The company made important announcements, such as that a stable build of One UI 7 will arrive in 2025 with the Galaxy S25 series. Additionally, Samsung confirmed that its Passkey system will now work with its smart home device ecosystem through its password manager. This means you’ll be able to easily authenticate on the company’s TVs, and even on appliances that require logging in.

Passkey support will not be retroactive

That said, it looks like support for Samsung’s Passkey system won’t be retroactive. The South Korean giant announced that it will first be available on its smart TVs next year. Passkeys are especially useful on smart TVs, allowing you to easily and securely access your favorite streaming platforms, for example. There are also some internet-connected smart appliances where the system could be useful to speed up setup. For example, Samsung mentioned support for smart refrigerators, among others.

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Samsung isn’t the first company to make a move toward Passkey adoption. Last month, Google’s password manager got the cross-platform sync feature for Passkeys. Cross-platform sync makes it easier to set up and use advanced biometric authentication on platforms other than Android. The company focused the option mainly on computers, but it could also support smart home devices in the future.

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