The founders of “Google” earn $ 17 billion in a week.. How did that happen?

Google founders Larry Page and Sergey Brin earned more than $17 billion after their company announced a new search engine updated with artificial intelligence technologies.

According to “Bloomberg” agency, Larry Page’s net worth increased by $8.7 billion this week, to record $106.2 billion, and in turn Sergey Brin’s wealth increased by $8.3 billion, to record a total of $101.5 billion.

And those billionaire gains put the two founders of Google on track to achieve their biggest weekly gains since February 2021.

Image source – wikipedia

Advanced positions in the list of the richest people in the world

The two billionaires, who have strengthened their role in artificial intelligence efforts further at Google, have become among the biggest gainers during 2023, as their wealth has increased by up to $ 22 billion since the beginning of the year.

They were able to occupy the eighth and ninth ranks among the richest people in the world in the Bloomberg Billionaires Index.

Also read: Features that make your life easier.. These are the latest Google products for 2023

Google Annual Conference 2023

Google revealed during its annual programmers’ conference last Wednesday that it will start experimenting with a conversation-based search engine and will provide a chatbot based on artificial intelligence on a larger scale.

She added that this helps the company to assert and establish its dominance in an area where competition is constantly increasing.

Image source – wikipedia

On the other hand, Eric Schmidt, the former CEO of Google, also benefited from the boom in artificial intelligence, as he invested in many startups, rejecting public calls to slow down the pace of research in this field.

Schmidt’s revolution of $23.5 billion is linked to his shares in Alphabet, where he is the third largest individual shareholder, and his fortune increased by $1.7 billion this week thanks to the growth of the company’s shares.