1 of 1
Story summary
- Alphabet Inc.’s shares fell up to about 7% on June 22, 2026 after Noam Shazeer announced he was joining OpenAI.
- John Jumper announced he was moving from DeepMind to Anthropic, prompting further market pressure.
- The plunge threatened to erase $270 billion in market value and marked the biggest intraday decline since February.
- Google signaled plans to spend $180 billion to $190 billion in fiscal 2026 on AI compute and data-center capacity.
