Google co-founders gain $18 billion as AI boost lifts stock

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.