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Alphabet Stock Tumbles as Google’s DeepMind Loses Nobel Prize Winner to Anthropic
Alphabet shares fell over 6% as investors reacted to an exodus of AI talent. Nobel laureate John Jumper left Google DeepMind to join rival Anthropic. The stock drop is described as one of the worst for the company in nearly a year.
What changed
Google DeepMind's Nobel laureate John Jumper has exited the company to join Anthropic.
Live updates
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Alphabet Stock Plummets Following Loss of Nobel Laureate to Anthropic
confidence 90%Alphabet shares fell over 6% as investors reacted to an exodus of AI talent. Nobel laureate John Jumper left Google DeepMind to join rival Anthropic. The stock drop is described as one of the worst for the company in nearly a year.
What's confirmed:
- Alphabet stock dropped over 6%.
- Nobel laureate John Jumper left Google DeepMind for Anthropic.
- Alphabet experienced a market-cap wipeout of $225 billion.
- Amazon shares slid 4% amid AI capital expenditure concerns.
- Multiple top AI researchers have left Google for rivals including OpenAI and Anthropic.
Still unconfirmed:
- Alphabet is pacing for its worst day in a year.
- SpaceX is experiencing a slump that contributed to the Alphabet slide.