Gemini 3 Just Made Larry Page World's Third Richest Man (vechron.com)

Alphabet shares jumped about 3% after Google unveiled Gemini 3, briefly pushing co‑founder Larry Page to the position of the world’s third‑richest person with an estimated net worth of $252 billion; Sergey Brin also gained roughly $5 billion and moved up to fifth, while Amazon’s Jeff Bezos slipped to fourth as Amazon lagged. The market reaction — roughly $6 billion added to Page’s stake — underscores investor enthusiasm that Gemini 3 represents a meaningful upgrade over last year’s Gemini 2.5 rather than mere hype. For the AI/ML community the move matters because it signals investor confidence that Alphabet can deliver tangible model improvements in the escalating generative-AI arms race. Google says Gemini 3 produces more accurate answers to complex queries and reduces reliance on lengthy prompt engineering, a practical step toward more robust, user‑friendly LLM behavior. That has implications for product integration, enterprise adoption, and competitive strategy across major cloud and AI players. At the same time analysts warn that sector valuations remain volatile — recent leaderboard swings (e.g., Larry Ellison briefly topping the list) show market sensitivity — so while Gemini 3 appears to advance capabilities, caution is warranted about extrapolating one release into sustained dominance.