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Demis Hassabis stepped down as CEO of Google DeepMind on August 5, 2026, taking on a chairman and Alphabet chief scientist role to focus on AGI strategy and Isomorphic Labs. The announcement came the same day Jeff Dean, Sanjay Ghemawat, Oriol Vinyals, and Quoc Le revealed they were leaving Google to co-found Discovery Loop. Alphabet shed roughly 5 percent of its market value on the news.
