By Biz Carson
Google’s co-founders are reaping the rewards of the artificial intelligence frenzy, adding more than $18 billion to their combined wealth as the company unveiled a revamped search engine.
Larry Page’s net worth increased by $9.4 billion this week to $106.9 billion, while Sergey Brin’s rose $8.9 billion to $102.1 billion, according to the Bloomberg Billionaires Index. That was their biggest weekly gain since February 2021.
Google will start experimenting with a more conversational search engine and has made its AI-powered chatbot available more broadly, the Mountain View, California-based company said at its annual developer conference on Wednesday.
That’s helping the firm assert dominance in an increasingly competitive field. Shares of its parent, Alphabet Inc., rose almost 1% in New York Friday after surging 8.6% in the two days through Thursday.