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He doesn’t have to spend it on PhD students.
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He's collaborating with AI now, not so much with people. At least, that's the impression I'm getting from his recent writing.
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In his recent interviews, he says he has very little time to do math these days outside of research meetings with his PhD students and postdocs.
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Wasn't it Tao who suggested, fairly early on, that the best way for a researcher to contribute to mathematics may be to drop everything else he or she is working on and study AI instead?

Pretty sure it was Tao but I could be wrong. In any case it now seems more defensible than it did when the idea was first broached.

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