Investors don’t appear to be thrilled with the shakeup in the ranks of Alphabet’s top AI minds. The stock dropped as much as 6% on Wednesday after news broke that DeepMind CEO Demis Hassabis will assume an expanded role at Alphabet. It’s a momentous shift for the trajectory of an exec who had recently been
Imagine earning almost an extra $100 billion and dedicating exactly one vague sentence to it. That’s exactly what Google’s parent company, Alphabet, did in its second quarter earnings report. The tech giant reported that its “other income” amounted to $98 billion in the second quarter, saying it came from unrealized gains on its investments. Analysts
