It was reported that Google launched a new version of its search engine, which added AI functions. Investors are optimistic about this change. The stock price of Alphabet, the parent company of Google, rose, and the wealth of the two co-founders increased by US$18 billion in an instant.
Larry Page’s net worth rose $9.4 billion last week to a total of $106.9 billion, and Sergey Brin’s net worth rose $8.9 billion to a total of $102.1 billion, according to the latest figures. One hundred million U.S. dollars.
Last Wednesday, Google said at the developer conference that it will start trying to promote a more conversational search engine and open AI chatbots to more users. Alphabet shares rose 8.6% in two days, before gaining another roughly 1% on Friday.
Originally, Page and Brin had decided to fade out of the company’s daily operations, but in recent years they have been particularly concerned about AI and actively participated in company affairs. Page and Brin’s wealth will grow by more than $22 billion in 2023, making them the eighth and ninth richest people in the world.
Former Google CEO Eric Schmidt is also a beneficiary of the AI wave. He has invested in many AI start-up companies. Although the public demanded to slow down the speed of AI research and development, Schmidt ignored it. Schmidt has a fortune of about $23.6 billion, mostly tied to Alphabet, where he is the third-largest individual shareholder, and his net worth has increased by $1.8 billion in recent days.
