Alphabet Inc Class CGOOG
▼ NegativeCompetitionRegulationrelevance
Two key AI researchers depart to rivals OpenAI and Anthropic, raising concerns about Alphabet's competitive position in AI.

Shares of Alphabet fell 5.5% in afternoon trading after two key AI researchers announced departures and a California court denied a new trial in a case over addictive platform design. Noam Shazeer, a VP of engineering, is leaving for OpenAI, while Nobel Prize-winning DeepMind VP John Jumper is joining Anthropic, raising concerns about Alphabet's competitive position in AI. The court ruling exposes the company to potential damages and similar lawsuits, adding to investor unease over heavy AI spending. The stock later pared losses to trade at $349.71, down 4.8% from the previous close.
Alphabet Inc Class CTwo key AI researchers depart to rivals OpenAI and Anthropic, raising concerns about Alphabet's competitive position in AI.