Alphabet stock drops 4% following exit of top AI talent

Alphabet, the parent company of Google, saw its stock price slide by 4% this Wednesday. This decline followed news of a significant restructuring within its artificial intelligence division. Chief Scientist Jeff Dean, alongside three other high-level AI researchers, has departed the firm to establish a new venture named Discovery Loop. In the wake of these changes, Demis Hassabis will vacate his role as CEO of Google DeepMind to take over Dean's former position.

by shortkt.com
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Alphabet stock drops 4% following exit of top AI talent | ShortKT