• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jamie Dimon says the American Dream is slipping away. The dysfunctional baby boomer retirement wave is a major part of the problem

2

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

3

After Trump says he doesn't need Congress for his $5,000 'dividend,' House Speaker Mike Johnson says not so fast but vows to try to make it happen

1

Jamie Dimon says the American Dream is slipping away. The dysfunctional baby boomer retirement wave is a major part of the problem

2

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

3

After Trump says he doesn't need Congress for his $5,000 'dividend,' House Speaker Mike Johnson says not so fast but vows to try to make it happen
AI

Demis Hassabis steps down from Google DeepMind CEO role amid a major AI leadership shake-up

By
Beatrice Nolan
Beatrice Nolan
Tech Reporter
Down Arrow Button Icon
By
Beatrice Nolan
Beatrice Nolan
Tech Reporter
Down Arrow Button Icon
August 5, 2026, 2:43 PM ET
Demis Hassabis sitting in a chair.
DeepMind cofounder Demis HassabisShane Anthony Sinclair—Getty Images for Cannes Lions
Google source logo
Add Fortune on Google for similar content.

Google DeepMind is undergoing a major restructuring. Google DeepMind CEO Demis Hassabis is giving up the title to become chairman of the unit and chief scientist of Alphabet, the company said Wednesday, formalizing a shift away from day-to-day management and toward AGI (artificial general intelligence) strategy and scientific applications of AI.

Recommended Video

Koray Kavukcuoglu, DeepMind’s chief technology officer and Alphabet’s chief AI architect, is taking over daily operations as senior vice president of Google DeepMind. He will report to CEO Sundar Pichai rather than holding a stand-alone CEO title and will oversee Gemini model development going forward.

Hassabis, who shared the 2024 Nobel Prize in chemistry for his AlphaFold work, wrote to staff that he believes AGI is close at hand and that getting the next steps right is critical for humanity. He added he’ll spend more time at Isomorphic Labs, Alphabet’s AI drug discovery unit, which he has called the top application of AI for improving human health.

In his note, Hassabis touted the “great progress” the company was making with new models, citing the the unreleased Gemini 4 by name. Alphabet shares fell around 5% on the news.

The reshuffle lands alongside another departure: Jeff Dean, Google’s chief scientist and a 27-year veteran at the company, is leaving to cofound Discovery Loop, a public benefit corporation aimed at automating machine learning, science, and engineering research. He’s joined by former Googlers Sanjay Ghemawat, Oriol Vinyals, and Quoc Le. Alphabet is a founding investor in the new company and will supply cloud compute. In an interview with the New York Times, Dean said that operating outside a public company gives the team room to make calls that aren’t necessarily in the company’s purest financial interests.

In a note to staff, Pichai wrote: “After an incredible 27-year run, Jeff Dean is at a moment where he wants to try something new, and we’re excited to support him in that. Jeff and Google Senior Fellow Sanjay Ghemawat are launching an independent public benefit corporation to accelerate discoveries in ML, science, and engineering.”

The timing comes at a difficult time for Google. Gemini 3.5 Pro, the next flagship model, is months behind its original June launch target. The company has also suffered from a string of exits from Gemini’s leadership and research ranks, including losing Gemini co-lead Noam Shazeer to OpenAI and Nobel laureate John Jumper to Anthropic.

In his note to staff, Pichai maintained that Google had the talent, compute, and distribution to compete.

Exclusive: In a new sit-down interview with Fortune, OpenAI CEO Sam Altman explains safety standards are "not at a place" to push AI capabilities much further and warns AI beyond human control is "absolutely" possible. Watch or listen here.
About the Author
By Beatrice NolanTech Reporter
Twitter icon

Beatrice Nolan is a tech reporter on Fortune’s AI team, covering artificial intelligence and emerging technologies and their impact on work, industry, and culture. She's based in Fortune's London office and holds a bachelor’s degree in English from the University of York. You can reach her securely via Signal at beatricenolan.08

See full bioRight Arrow Button Icon
Google source logo
Add Fortune on Google for similar content.

Latest in AI


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in AI


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.