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[Google DeepMind Team Halts Cutting-Edge Model Development, Faces Up to 33.3% Layoffs] According to IT Home, the Google DeepMind team has halted the development of cutting-edge models and shifted its focus to more cost-effective Flash-level models. As the restructuring progresses, the Google DeepMind team faces layoffs of up to 33.3% or more, primarily streamlining redundant staff hired for algorithm roles but not engaged in algorithm work. Alphabet announced the restructuring of Google DeepMind on August 5, with Demis Hassabis stepping down as CEO to take on the role of Chairman.