Google loses $270B in market cap over concerns its ‘falling behind’ rivals in race for AI talent

Source: New York Post

Google parent Alphabet plunged as much as 7% on Monday after the departure of two of its most prominent AI researchers raised Wall Street’s fears that it’s falling behind key rivals. Google lost senior research scientist and Nobel Prize winner John Jumper, who announced late Friday he was exiting DeepMind AI lab for a role at Anthropic. That news came just days after another key executive Noam Shazeer, who served as co-lead of Google’s flagship Gemini AI models, ditched the company for a role at OpenAI.