CALIFORNIA: Google co-founders are benefiting from the artificial intelligence craze, with the company’s revamped search engine boosting co-founder fortunes by more than $18 billion combined.
Larry Page’s net worth rose $9.4 billion to $106.9 billion this week, while Sergey Brin’s net worth rose $8.9 billion to $102.1 billion, according to the Bloomberg Billionaires Index. This was the biggest weekly gain since February 2021.
Google will begin experimenting with a more conversational search engine and make AI-powered chatbots more widely available, the Mountain View, Calif.-based company announced Wednesday at its annual developer conference. . This has helped the company assert its dominance in an increasingly competitive field. Shares of parent company Alphabet rose almost 1% in New York on Friday after jumping 8.6% in the two days through Thursday.
Page and Brin have helped push AI forward and are more involved with the company than they have been in years, each adding more than $22 billion to their assets and becoming one of the top earners in 2023. there is They rank as the eighth and ninth richest people in the world respectively.
Former Google CEO Eric Schmidt is one of the beneficiaries of the AI boom. He has invested in a number of startups in the field and has rejected public calls to slow down the pace of research, citing concerns over China’s technological advances.
Most of his $23.6 billion fortune is still tied to Alphabet, where he is the third largest individual shareholder. His net worth increased by $1.8 billion this week.
