Google’s $225 Billion AI Talent Blow: New York, June 23 Snapshot
Alphabet took a $225 billion hit in market value Monday, the biggest drop in a single session for the company. Shares dropped 5%, their largest fall since May 2025, after two leading Google AI researchers left for OpenAI and Anthropic, according to the Wall Street Journal, which referenced Dow Jones Market Data. Alphabet’s selloff comes as the company is trying to raise money for its AI push. According to a June 1 filing, Alphabet plans up to $80 billion in equity offerings, with $10 billion set for a private placement to Berkshire Hathaway, to expand AI infrastructure and computing worldwide.