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" Competition for top AI talent has the potential to clobber even the biggest Big Tech stocks, as Alphabet experienced on Monday, the first trading day after John Jumper, a senior research scientist and Nobel Prize winner, said he was leaving Google DeepMind for artificial-intelligence start-up Anthropic.

 
• The Google parent’s stock ended the day down 5%, shaving $225 billion from its market value, the biggest drop for the company ever, according to Dow Jones Market Data. Jumper is leaving after nine years. DeepMind is the backbone of Google’s advanced AI models.

 
• Google praised Jumper’s “significant contributions” to DeepMind’s work and wished him well. Anthropic confirmed to Barron’s that Jumper will be joining it. The AI start-up declined to comment on how it is prioritizing talent acquisition or whether Anthropic plans to make any more high-level hires in the near future.

 
• Jumper helped create AlphaFold, DeepMind’s AI system that predicts protein structures from their amino acid sequences. His departure comes shortly after Noam Shazeer, a vice president of engineering at Google and a key member of the Google Gemini team, said he was leaving for OpenAI.

 
• Big Tech along with AI start-ups Anthropic and OpenAI are currently fighting for the top AI talent in the marketplace as they all vie for superiority. As a result, pay packages have stretched to the hundreds of millions, and big-money acquisitions of smaller rivals have become commonplace.

 
What’s Next: D.A. Davidson analyst Gil Luria said the talent drain from Google raises concerns that it’s losing the war for talent at the frontier of AI. Both Anthropic and OpenAI are planning IPOs, adding to the competition not just for talent but for investor dollars.

 
—Kit Norton

" The voluntary recall on June 13 of the California-based tech company’s 3,871 vehicles is to fix its 5th-generation Automated Driving System (ADS) software so that it will recognize and avoid construction zones.

“Waymo’s mission is to be the world’s most trusted driver, and the data shows that we’re making roads safer in the communities in which we operate,” a Waymo spokesperson told The Epoch Times.

The National Highway Traffic Safety Administration’s (NHTSA) estimates that the entire fleet carries the software defect, according to the agency’s safety report.

“Under certain circumstances the [autonomous vehicles] may enter and drive at speed in freeway construction zones due to inappropriately prioritizing the avoidance of other freeway hazards and/or failing to recognize the construction zone,” NHTSA stated in the report.

Waymo investigated one such incident on April 11 and five on April 19 in which Waymo cars autonomously drove past ramp closure signs into freeway construction zones in Phoenix, Arizona, according to the report.

The company’s field safety committee implemented driving restrictions on April 20 until more improvements could be made, according to the report.

On May 18, seven Waymo vehicles in the San Francisco Bay Area entered freeway lanes in construction zones by driving between cones designating the lane’s closure. In this case, the software did not prioritize avoiding the other freeway hazards or failed to recognize the construction zone.

The safety committee put restrictions in place after the May incident, Waymo reported.

The recall is a notice of the company’s intent to improve its software and address the problems.

Waymo voluntarily restricted freeway operations in May while making improvements to the software to avoid other freeway hazards.

No collisions or injuries were reported as a result of the construction zone incidents. The company started offering public riders trips using freeways last November in the San Francisco, Los Angeles, and Phoenix areas."

https://www.zerohedge.com/technology/waymo-recalls...

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