The comment came shortly after analysts peppered Pichai and other Google executives with questions about how AI would affect its core search business and why Google is spending an extra $10 billion on capital expenditures this year to catch up in the AI race.

Sundar Pichai, Alphabet's CEO, has officially become a billionaire, with his net worth reaching $1.1 billion. This milestone is attributed to his Alphabet shares and long-term compensation, boosted by the company's AI-driven growth.

According to Bloomberg Billionaires Index, Sundar Pichai's net worth now stands at $1.1 billion. Meanwhile, the Forbes Real-Time Billionaires list pegs the Google CEO's net worth at $1.2 billion.