The Zhitong Finance App learned that Google's parent company Alphabet (GOOGL.US, GOOG.US) announced major leadership adjustments to the AI business on Wednesday. Demis Hassabis, CEO of Google DeepMind and Nobel laureate, will step down from day-to-day management and be transferred to the position of chief scientist newly established by Alphabet and chairman of Google DeepMind. Meanwhile, Google AI veteran Jeff Dean and many other core technology leaders announced that they have left their jobs and started a new artificial intelligence company, Discovery Loop.

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