Alphabet Inc (NASDAQ:GOOG) shares fell 5.5% on Monday after the company lost two of its most prominent artificial intelligence researchers to rivals, raising concerns about a brain drain at the heart of its AI ambitions. Noam Shazeer, Google DeepMind's vice president of engineering and co-lead of the Gemini AI models, has left to join OpenAI.
Google DeepMind and independent movie studio A24 entered into a partnership to explore how AI can support filmmakers and creative professionals, the companies said on Monday.
Two AI leaders, including a Nobel laureate, recently said they would leave Google for rival labs.
Alphabet shares slid 7%, on track for the search giant's worst day in a year. Alphabet company Google has seen consecutive high-profile researchers leave in the last several days.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) stock is down 6% in Monday midday trading, sliding to around $346.
Alphabet shares fell as investors assessed the departure of prominent AI researchers and broader concerns about AI spending. The stock dropped more than 6.6%, falling to $343.47 in morning trading, as the market assessed the departure of two senior AI leaders from Google's research organizations.
Google is investing approximately $75 million in independent film studio A24 as part of a broader artificial intelligence research partnership between the two companies, it was announced on Monday. The collaboration brings together Google DeepMind and A24 in what the companies described as a multi-project research and development effort aimed at exploring new creative workflows and filmmaking tools powered by AI.
Alphabet stock falls as key researcher leaves for Anthropic.
The search giant is putting about $75 million into the studio as part of an artificial intelligence research partnership.
For two decades, Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) was an advertising company that happened to own a cloud business.
The biggest story in AI this week is a personnel move. Noam Shazeer, Google DeepMind's VP of Engineering and a Gemini co-lead, is leaving for OpenAI in what the hosts of the TBPN podcast called “the most significant AI talent move of the year.
Despite a growing pool of research talent, not many have the experience of building and scaling AI, experts say.