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Google's stock dipped by approximately 4 percent after Nobel Prize-winning AI pioneer Demis Hassabis stepped aside from his leadership role in the company's AI division. Hassabis, who previously headed Google's AI efforts following the rise of ChatGPT, will now focus on using AI for scientific breakthroughs like drug development. Koray Kavukcuoglu will succeed him, while another executive, Jeff Dean, is also departing.
DeepMind CEO Demis Hassabis has proposed an independent standards body, modeled after FINRA, to regulate frontier AI models. The body would test advanced AI systems and develop best practices for their release, initially on a voluntary basis before potentially becoming mandatory. This initiative aims to provide technically focused, adaptable oversight to the rapidly evolving field of AI.
