India, June 22 -- Shares of Alphabet Inc. (GOOG) tumbled nearly 7% on Monday, setting up for its worst daily drop in about a year. This downturn comes as investors reacted to the recent departures of key talent in artificial intelligence and rising worries about competition in the industry.
The selloff followed news that Noam Shazeer, Google's VP of engineering and co-leader of its Gemini AI models, is leaving to take a position at OpenAI.
Shazeer had returned to Google in 2024 as part of the firm's partnership with Character.AI, the startup he co-founded after leaving Google back in 2021.
Investor anxiety grew even more when John Jumper, a senior exec at Google DeepMind, announced on Friday that he would be heading to Anthropic. Jumper ...