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The Economic Times
The Economic Times

US stocks: Alphabet shares fall 4% as DeepMind chief shifts role in Google’s AI shakeup

Alphabet Google DeepMind Demis Hassabis Google DeepMind Gemini

Alphabet’s Class C shares fell 4.32%, or $16.21, to $359.14 on Wednesday after Google announced a sweeping overhaul of its AI leadership. DeepMind CEO Demis Hassabis is stepping away from day-to-day management while several prominent Gemini researchers are leaving the company, according to a Reuters report.

The stock opened at $380 and rose to $381.81 before turning sharply lower, touching an intraday low of $355.16.

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