In April, Google DeepMind opened its first dedicated physical research hub outside of its existing offices. The new AI Campus in Seoul was established in partnership with the Ministry of Science and ICT of South Korea.
In June, the company launched a five-year genomics data consortium in collaboration with the Wellcome Sanger Institute. The project involves a total investment of $25 million, with annual funding set at $5 million.
In August, co-founder Demis Hassabis moved to the role of chair at Google DeepMind and became the chief scientist at Alphabet. Koray Kavukcuoglu, a veteran researcher at the company, took over daily operations as SVP.
Following the leadership changes, Alphabet shares fell by 4%. Investors expressed concerns regarding the company's model release timelines and the impact of executive restructuring during the current AI development race.
