Google Stock Falls 5% as 4 AI Leaders Quit, Including the Most-Cited Researchers
Alphabet stock (GOOG) fell as much as 5% on Wednesday after four of Google's most-cited researchers quit on the same day. Chief scientist Jeff Dean is leaving after 27 years.
The same announcement pushed Demis Hassabis out of daily control of Google DeepMind. Koray Kavukcuoglu now runs Gemini.
Google AI Leaders Quit as Talent Losses Mount
The damage arrived inside an hour. Shares touched $381.81 before the news landed. They bottomed at $355.16 after it. That is a swing of almost 7% in one session.
The stock later steadied near $360.71, down 3.9% from Tuesday's close of $375.35. Alphabet is worth $4.61 trillion. Wednesday's slide erased close to $190 billion of that. At the low the figure was nearer $260 billion.
The stock still trades about 11% below its 52-week high of $404.47.
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