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International Business Times UK

Technology

Chrys Brent Deiparine

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

Alphabet Google DeepMind Jeff Dean Discovery Loop Brain Quoc Le Google DeepMind

Alphabet’s market value comes under pressure amid reports of an AI talent exodus and DeepMind uncertainty (Credit: Adarsh Shauhan/Unsplash)

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.

Legendary coder Jeff Dean is leaving Google. His new team is Discovery Loop, a startup focused on leveraging AI for science and engineering. And he’s bringing three other former Google sluggers along for the ride. https://t.co/IdN9UlvErW pic.twitter.com/JLpZonPg0v
— HPCwire (@HPCwire) August 20, 2026

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New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

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New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

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