Alphabet Shares Fall as Dean, Ghemawat Exit to Found Discovery Loop While Hassabis Steps Back at DeepMind
Jeff Dean, Sanjay Ghemawat, and two other senior Google researchers left Alphabet within a single week to launch rival startup Discovery Loop, while Demis Hassabis stepped back from day-to-day DeepMind leadership. Alphabet shares fell on the news, even as the company moved to invest in the new startup rather than treat the departures as a pure loss.
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