Google Slumps 7% to Hit Late-April Low. DeepMind VP John Jumper Joins Anthropic, Two Top AI Talents Leave Within a Week
TradingKey - Google ( GOOGL) saw up to $320 billion in market value evaporate today, with its stock price falling over 7% intraday to hit its lowest level since late April.
Latest reports show that Google's AI division has suffered another loss of core researchers, marking the second departure of a top AI talent within a week.
As of press time, Google shares fell over 6% to $346.47, with its latest market capitalization standing at $4.2 trillion.
[Source: TradingView]
Over the weekend, Google DeepMind Vice President John Jumper officially announced his departure on Friday, and will subsequently join Anthropic. A week earlier, Noam Shazeer, a core AI researcher at Google, had officially announced his departure to join direct competitor OpenAI.
John Jumper was awarded the 2024 Nobel Prize in Chemistry for his breakthrough research in the AI field, while Noam Shazeer co-authored the foundational academic paper in AI that played a key role in driving the global AI boom.
John Jumper stated on social media that Google DeepMind is a special place and he still looks forward to what exciting discoveries lie ahead. However, market and industry changes may be the key factors influencing his career choice.
On the other hand, feedback from some DeepMind employees and management indicates that the company has not yet established a clear strategic positioning and implementation path in the enterprise AI programming tools space.
In contrast, Anthropic and OpenAI have made significant commercial progress in this sector, and the related businesses are gradually growing into core engines driving performance growth for both companies.
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