Google’s co-founders gain $18bln increase in their net worth

Google’s co-founders, Larry Page and Sergey Brin, adding more than $18 billion to their combined wealth, due to the search engine’s artificial intelligence frenzy this week, which boosted the company’s stock.

Page’s net worth increased by $9.4 billion this week to $106.9 billion, while Brin’s rose $8.9 billion to $102.1 billion, as they rank the eighth- and ninth-richest persons in the world, respectively, according to the Bloomberg Billionaires Index.

That’s helping the firm assert dominance in an increasingly competitive field. Shares of its parent, Alphabet Inc., rose almost 1 percent in New York Friday after surging 8.6 percent in the two days through Thursday.

It is woth mentioning that the increased use of AI in Google’s search engine and chatbot services is significant because it highlights the company’s continued efforts to lead in the field.