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00:02Google is reshuffling its artificial intelligence leadership as Alphabet chief scientist Jeff
00:06Dean leaves the company after 27 years to launch a new startup, according to CNBC.
00:11Google DeepMind CEO Demis Hassabis will become chairman of DeepMind while also taking on
00:16the role of Alphabet's chief scientist.
00:18DeepMind Technology chief Kore Kabukchoglu will lead the AI division and oversee development
00:23of the company's Gemini 4 model.
00:25Google said it will invest in Dean's new company, Discovery Loop, which will focus
00:28on AI for science and engineering.
00:30Google promoted Kore Kabukchoglu to lead its AI division as the company competes with Open
00:35AI and Anthropic, while investing heavily in infrastructure to support its cloud operations.
00:40Cloud revenue rose 82% in the second quarter as demand for AI infrastructure and AI solutions
00:45continues to grow.
00:46Shares fell about 4% after the announcement.
00:49For all things money, visit Benzinga.com.
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