Google's AI reshuffle: Chief scientist Jeff Dean exits and Demis Hassabis steps down as DeepMind CEO
📰 source: cnbc_topnews · 💼 business
google announced an ai reshuffle on wednesday, with chief scientist jeff dean leaving after 27 years and deepmind ceo demis hassabis stepping down. shares fell about 4% after the announcement. dean is starting a new company called discovery loop with google fellow sanjay ghemawat, focused on ai for science and engineering, and google will invest. hassabis becomes chairman of deepmind and chief scientist of parent alphabet, saying he wants to focus on the big picture. koray kavukcuoglu, deepmind's technology chief, will lead the ai division and develop gemini 4, reporting to ceo sundar pichai.
the shakeup comes as google competes with openai and anthropic while spending heavily on infrastructure. the company turned cash flow negative for the first time on record, forecasting capex up to $205 billion. yet its cloud business is growing fast: revenue soared 82% to $24.8 billion in the second quarter, beating aws's 37% and azure's 43%. google also announced three new gemini models, though gemini 3.5 pro remains delayed. pichai said demand is translating to strong token usage and google remains supply constrained.
why it matters: leadership shakeup at google ai comes as cloud revenue climbs 82% and capex hits $205b, signaling aggressive bet on gemini.
source: cnbc_topnews
sentiment: +0.00 · impact: 0.50