Google CEO restructures company for AI acceleration and competitiveness

Financial Times April 19, 2024, 12:00 AM UTC

Summary: Google CEO Sundar Pichai restructures the company to accelerate AI product development after criticism for lagging behind rivals. DeepMind will oversee all AI models, including Gemini chatbot. A new platform team led by Rick Osterloh will focus on hardware and software. Hassabis gains more power. Google aims to improve speed and decision-making. Microsoft's ChatGPT deal impacts Google's competitiveness. Pichai addresses employee protests. Financials: Microsoft worth $3tn, Alphabet less than $2tn.

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