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Google disbands DeepMind team behind Nobel-winning AlphaFold AI, shifting focus to Gemini and broader AI projects.

Market News
29 Jul 2026
PYMNTS
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Neutral
Google disbands DeepMind team behind Nobel-winning AlphaFold AI, shifting focus to Gemini and broader AI projects.

Google DeepMind has disbanded the original team behind its Nobel Prize-winning AlphaFold AI system, reallocating members to new projects like the Gemini large language model, enzyme design, nuclear fusion, and genomics. This shift marks a strategic change from focusing on single scientific challenges to developing AI systems that assist and potentially automate scientific processes, aiming to compete with other AI leaders like OpenAI. Nearly a quarter of the original AlphaFold authors have left DeepMind, highlighting the significant transformation in the company’s AI research approach. This move aligns with broader trends as AI increasingly supports various job functions, including physical and manual roles.

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Zoox's 100-robotaxi cap in Nevada expires, allowing fleet expansion amid rising competition in Las Vegas.

Zoox's 100-robotaxi cap in Nevada expires, allowing fleet expansion amid rising competition in Las Vegas.

Zoox's regulatory cap limiting its robotaxi fleet to 100 vehicles in Nevada will expire on September 25, enabling the Amazon-owned company to expand its commercial robotaxi service in Las Vegas. This comes as competition intensifies, with Waymo launc...

Market News
Bullish
11 hours ago
Oracle's stock set for 50% gain despite recent selloff, driven by massive AI backlog and strong cloud growth.

Oracle's stock set for 50% gain despite recent selloff, driven by massive AI backlog and strong cloud growth.

Oracle reported a record cloud quarter with $19.345 billion revenue, 121% cloud growth, and a $664 billion backlog including $30 billion in new AI contracts. Despite this, its stock fell due to concerns over negative free cash flow and high capital e...

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Bullish
17 hours ago
Fortune announces speakers and themes for 2026 Most Powerful Women Summit focusing on AI, leadership, and business transformation.

Fortune announces speakers and themes for 2026 Most Powerful Women Summit focusing on AI, leadership, and business transformation.

Fortune revealed the initial lineup of speakers and key topics for the 2026 Most Powerful Women Summit, scheduled for October 12-14 in Santa Barbara, California. The event will gather leaders from various industries to discuss AI's impact, evolving l...

Others
Neutral
17 hours ago
Magnite jumps 5% as DOJ's Google ad tech ruling favors independent sell-side platforms

Magnite jumps 5% as DOJ's Google ad tech ruling favors independent sell-side platforms

The U.S. Justice Department's antitrust ruling against Google has boosted supply-side ad tech stocks, with Magnite rising 5% and PubMatic up 6%. Craig-Hallum raised Magnite's price target to $32, citing the ruling's benefits for independent sell-side...

Market News
Bullish
20 hours ago
Emerald AI, Google, and Nvidia form coalition to optimize data center energy use and expand grid capacity.

Emerald AI, Google, and Nvidia form coalition to optimize data center energy use and expand grid capacity.

Emerald AI has partnered with Google, Nvidia, and others to create the AI Energy Management Alliance (AEMA), aiming to integrate demand response into data center operations. This approach allows data centers to temporarily reduce or shift electricity...

Market News
Bullish
21 hours ago
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