Google shakes up management in effort to extend leadership in AI and search
Alphabet Inc.’s flagship subsidiary, Google, is moving talent around in senior roles to shore up its market leadership in search and artificial intelligence (AI). The news broke on Monday, initially reported by online technology-news publication The Information. John Giannandrea, senior vice president of engineering, will be stepping down as head of search and AI, implying a change in direction at the Silicon Valley giant.
Google’s share price is up by 21% over the past 12 months
SOURCE: Yahoo Finance
Google merged its powerful search and AI businesses in February, and placed Giannandrea, who is a veteran figure in the company, at the helm. With his transfer elsewhere, however, the company will separate these units once again.
Search and AI are two of Google’s most important businesses, and it is widely considered to be the global market leader in both fields. However, with powerful rivals like Amazon and Apple making in-roads in voice-based search devices, the company is looking to protect and extend its lead.
Search will now be headed up by Ben Gomes, another Google veteran who, according to Bloomberg, is “the architect of a series of overhauls this past year to stem misinformation on its platforms.” Search is not only what Google is best known for, but also a critical component in its advertising business, which remains its most important source of revenue. AI, meanwhile, will be led by Jeff Dean, co-founder of the Google Brain research lab. Artificial Intelligence is likely to be a determining factor in who controls the digital landscape over the next few decades, and Google will be eager to retain its position at the top of the pyramid.
A Google spokeswoman confirmed the moves, but declined to offer further comment.
Dominion holds Alphabet Inc. in its Global Trends Ecommerce Fund.
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