"Google's Defense Against OpenAI Talent Grab: Special Stock; Select Researchers At Google's Deepmind Have Received Large Grants Of Restricted Stock Worth Up To Millions Of Dollars Per Person" - The Information
Portfolio Pulse from Benzinga Newsdesk
Google is using a special stock compensation pool to retain top AI researchers at its DeepMind unit, countering OpenAI's multimillion-dollar offers. Despite company-wide layoffs, select DeepMind researchers have received restricted stock grants worth millions to prevent talent migration to competitors like OpenAI.
January 16, 2024 | 2:07 pm
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Google is leveraging stock incentives to retain key AI talent at DeepMind, aiming to secure its competitive edge in AI despite broader staff cuts.
The use of significant stock grants to retain top talent at DeepMind is a strategic move by Google to maintain its leadership in AI technology. This could reassure investors about Google's commitment to AI, potentially leading to a positive short-term impact on GOOGL's stock price. The importance is high given the critical role of AI in Google's future growth, and the confidence in this analysis is strong due to the direct knowledge of the matter from insiders.
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