After Google announced a major change to its search engine, Page and Brin's fortunes also skyrocketed. Together, they saw gains of more than $18 billion this week. Page's fortune increased by $9.4 billion to $106.9 billion, while Brin's increased by $8.9 billion to $102.1 billion, according to Bloomberg 's billionaire ranking. Bloomberg said this was the biggest weekly gain since February 2021.
Google will begin testing AI integration into its search engine and open its AI chatbot Bard to more than 180 countries and territories, further cementing the company’s dominance of internet search. Shares of Alphabet, Google’s parent company, rose nearly 1% on Friday after rising 8.6% over the previous two days.
Google's AI chatbot is now available for trial in VietnamPage and Brin have become more involved in Google’s operations since OpenAI’s ChatGPT launched, threatening to take over the search market. This year alone, the two billionaires have each “pocketed” more than $22 billion thanks to the global AI craze. They are ranked 8th and 9th, respectively, on Bloomberg’s list of the world’s richest people.
Former Google CEO Eric Schmidt is also a beneficiary of the AI boom. He has invested in startups in the field and has resisted calls to halt AI research amid concerns that China is making advances. The bulk of his $23.6 billion fortune is tied to Alphabet, where he is the third-largest individual shareholder. His net worth increased by $1.8 billion this week.
(According to Bloomberg)
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