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Google AI leadership reassignment causes 5% stock decline
Google announced a comprehensive restructuring of its artificial intelligence divisions, which included the departure of Chief Scientist Jeff Dean after 27 years, and a company focus on developing intelligent models and cloud computing services. This announcement caused Alphabet's stock to drop by 5%. Additionally, Coray Kafukoglu was appointed as head of the AI division to lead the development of the upcoming "Gemini 4" model. This comes amid fierce competition with companies like OpenAI and Anthropic to lead in AI technology, as Google works to enhance its resilience and optimize resource allocation to address financial challenges and investment expansions.
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