The fact they caught up with OpenAI you almost expect. But the Nobel winning contributions to quantum computing, the advances in healthcare and medicine, the cutting edge AI hardware, and the best in class weather models go way beyond what you might have expected. Google could have been an advertising company with a search engine. I'm glad they aren't.
Google could really easily be a purely rent seeking business but they are innovating, and if you are worried about the economy then this should seem like good news.