tech
Alphabet Has Its Worst Day in Over a Year on AI Concerns After High-Profile Exits
Google parent Alphabet has seen consecutive high-profile artificial intelligence researchers leave.
TL;DR
- Alphabet's stock fell about 5%, its worst day in over a year.
- Concerns were fueled by the departure of two high-profile AI researchers: Noam Shazeer (to OpenAI) and John Jumper (to Anthropic).
- Shazeer was a co-lead of Gemini AI models, and Jumper was a vice president at DeepMind and co-creator of AlphaFold.
- The stock slide followed Google's recent unveiling of new AI products.
- Comments from Microsoft CEO Satya Nadella about AI commoditization and less dependence on 'AI Giants' added to market concerns.
- Investors may question the durability of Alphabet's AI investments if models become cheaper and more interchangeable.
- Google users reported outages on Gmail and YouTube on the same day.