WS #13482
Jeff Dean exits Alphabet to found AI startup; Hassabis steps down as DeepMind CEO; Alphabet stock drops ~4-5% on AI talent retention concerns. SpaceX drops ~11% and AMD ~8% despite earnings beats, as AI capex concerns and high expectations trigger sell-the-news reactions. Microsoft disclosures reveal OpenAI is ~70% of its AI sales ($24.1B in fiscal 2026), highlighting concentration risk and AI momentum.
Alphabet AI Leadership Exodus
Jeff Dean exits Alphabet to found AI startup; Hassabis steps down as DeepMind CEO; Alphabet stock drops ~4-5% on AI talent retention concerns.
SpaceX drops ~11% and AMD ~8% despite earnings beats, as AI capex concerns and high expectations trigger sell-the-news reactions.
Microsoft disclosures reveal OpenAI is ~70% of its AI sales ($24.1B in fiscal 2026), highlighting concentration risk and AI momentum.