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Alphabet’s Google is losing some of its most prominent artificial intelligence veterans in a seismic overhaul that is casting doubt over leadership of a critical area of growth right as competition intensifies. Alphabet shares fell as much as 5.5 per cent on the news.

Jeff Dean, a longtime Google employee central to the development of the company’s AI strategy, is departing to launch a startup, taking several high-profile employees with him. Demis Hassabis, the head of Google DeepMind, is moving to a chairman role at the lab.

Bloomberg