According to CoinMeta, Alphabet ( GOOGL ) stock declined on Wednesday due to the company's announcement of significant changes in the leadership of its AI technology department. The CEO of DeepMind, Demis Hassabis, is taking on the roles of Chairman of DeepMind and Chief Scientist of Alphabet. As a result, GOOGL stock fell to $362.11, a decrease of nearly 5%. DeepMind, the Chief Technology Officer, Koray Kavukcuoglu, will assume the position of Senior Vice President of DeepMind and report directly to Alphabet, the CEO of Sundar Pichai. Despite the obvious fluctuations in stock prices, Wall Street experts believe that this change will not serve as a major catalyst. AI has become an important source of revenue for Google and its parent company, Alphabet over the past year, so this sudden change in leadership will be closely watched by investors.