'$200 Billion in Lost Market Cap': Alphabet Stock Rocked by Brutal AI Brain Drain and DeepMind Rumours

Source: International Business Times

Alphabet’s market value comes under pressure amid reports of an AI talent exodus and DeepMind uncertainty Alphabet shares fell 4. 03 per cent on 5 August as Jeff Dean left Google after 27 years alongside three senior AI researchers to launch Discovery Loop, a new artificial intelligence venture. The decline wiped roughly $186 billion (£138 billion) from Alphabet's market value, although the sell-off coincided with a wider reshuffle of Google's AI leadership and should not be attributed solely to the departures.