Key facts
- Alphabet's stock fell 6%.
- Demis Hassabis is now Chief Scientist at Google.
- Jeff Dean and others are launching a new AI startup called Discovery Loop.
- Google Assistant will be retired on mobile devices on September 4.
- Users will transition to Gemini for voice control.
- The change affects smartphones, smartwatches, headphones, and cars with Android Auto.
- JPMorgan Chase CEO Jamie Dimon is leading a new U.S. industry group.
- The group aims to address risks associated with artificial intelligence.
- Over 40 companies across critical infrastructure sectors are involved.
- The initiative seeks to develop shared understandings and safeguards for AI.
Alphabet's stock experienced a 6% decline following a substantial AI leadership reorganization and the departure of prominent researchers. Demis Hassabis has been appointed Chief Scientist, a new role created for him. Concurrently, Jeff Dean and other key figures are launching a new AI startup named Discovery Loop. This internal restructuring at Google comes as the company prepares to retire its Assistant on mobile devices starting September 4. Users will be transitioned to Gemini for voice control functionalities. This change will impact a wide range of devices, including smartphones, smartwatches, headphones, and vehicles equipped with Android Auto. However, some older devices or users in unsupported regions may be exempt from this transition. In parallel, JPMorgan Chase CEO Jamie Dimon is initiating a new, U.S.-focused industry consortium dedicated to confronting the risks posed by the swift integration of artificial intelligence. This collaborative effort intends to unite more than 40 companies from essential infrastructure sectors. The primary objective is to cultivate a shared understanding of AI's potential dangers and to establish common safeguards. The initiative aims to foster dialogue and coordinated action among diverse industry players to navigate the complex landscape of AI adoption responsibly.