On Wednesday in an official announcement, Google parent Alphabet Inc., said that its longtime chief of Internet Search Business, Mr. Amit Singhal, will resign from the Google, will be replaced by the Vice President of company's artificial intelligence, John Giannandrea. Later Amit Singhal said in a post, "Search is stronger than ever, and will only get better in the hands of an outstanding set of senior leaders who are already running the show day-to-day,". He also added that after retirement, he will spend some quality time with his family and by doing some social work in India.
Analysts said that the Google's move is intended to make the search engine more sophisticated, and polished, with the help of AI technology. Sammet Sinha, a senior equity analyst said, "The fact that they got the head of artificial intelligence to take over the role is very telling of where they expect to evolve going forward". Further, Google also emailed a statement that said, "machine intelligence is crucial to our Search vision of building a truly intelligent assistant that connects our users to information and actions in the real world".
Mr. Amit Sighal had joined Google in 2000, and since then has been an integral part of company's all major developments and solely has developed Adwords, a technology that is used to generate revenues with the help of third party Ad's.The current Search Business Chief also helped in making the Google tools, search faster and made it able to run on mobile devices.His last date of working will be February 26th. John Giannandrea, who is set to replace Amit Singhal, joined Google in 2010, and has dedicated his work for the development of Artificial Intelligence Technology and currently holds the post of Vice President in AI segment. He invented Smart Reply for instant replies in the inbox and image recognition for Google photo search.
The stock of the Google immediately falls down, after the retirement announcement of Amit Singhal, Google shares closed down by 4.03 percent at $749.38, which is the largest decline since August.