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.
Senior research scientist John Jumper said on Friday he would leave Google DeepMind to join AI startup Anthropic, the latest high-profile departure at the Big Tech giant's AI research and development division.
A key Google DeepMind engineer is leaving for Anthropic. He's the latest Silicon Valley name to join the AI giant.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) has gone from AI laggard to AI leader in roughly twelve months, and the market is finally paying attention.
Recently, Zacks.com users have been paying close attention to Alphabet (GOOGL). This makes it worthwhile to examine what the stock has in store.