According to CoinMeta, as reported by IT, Google's DeepMind team has ceased the development of cutting-edge models and shifted its focus to more cost-effective Flash level models. As the reorganization progresses, Google's DeepMind team is facing up to a layoff rate of up to 33.3% or higher, mainly to streamline redundant personnel who were hired for algorithm-related positions but did not actually engage in algorithm work. On August 5th, __BJWKEEP__ announced the reorganization of Google's DeepMind, with Larry Page stepping down from CEO to take on the role of chairman.