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Alphabet Stock Rises 2.8% on July 20, Co-Founders' Wealth Increases by $15 Billion

GateNews
StocksAI Industry News

According to BlockBeats, Alphabet stock rose 2.8% on July 20, boosting the combined wealth of Google co-founders Larry Page and Sergey Brin by approximately $15 billion. Page's net worth increased by around $8 billion to $292.4 billion (second globally), while Brin's rose by $7.4 billion to $269.7 billion.

The rally was driven by reports that Google is developing a new AI chip codenamed Frozen v2, with efficiency gains up to 10 times over its predecessor. Google plans to deploy the chip as early as 2028 to address internal AI computing resource constraints.

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