News came out alphabet inc GOODGoogle Unit Google invests $300 million in a company that could be viewed as a competitor ChatGPT.

The investment could position Google in the artificial intelligence race, but it could also come with some baggage.

What happened: Google is 300 million dollars invested in an artificial intelligence company anthropic. The investment comes as AI news and companies rise in mention and rating, backed by a $10 billion investment in ChatGPT’s parent company OpenAI from technology giant microsoft corp MSFT.

With the $300 million investment, Google will acquire around 10% of the shares in Anthropic, after to Bitcoin.com.

anthropic announced a partnership with Google Cloud on its website.

“We are working with Google Cloud to support the next phase of Anthropic, where we will bring our AI systems to a larger group of people,” said Dario Amodei, CEO of Anthropic. “This partnership gives us the performance and scalability of the cloud infrastructure we need.”

The potential baggage of the investment comes from Anthropic’s Series B funding round, in which the company raised $580 million from a range of investors.

Accordingly crunch baseSerie B was led by FTX Co-founder and former CEO Sam Bankman Fried. Other investors listed for the company include Caroline Ellisonthe former CEO of Alameda, and Nishad Singh, the former Director of Engineering at FTX.

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Why it matters: Artificial intelligence use cases have increased and the power of ChatGPT has led to a rise in ratings for other AI-related companies.

As Microsoft grabs a piece of OpenAI and tries to overhaul its Bing search engine to take on market leader Google, it’s likely that Google will play both offensive and defensive to maintain its market leadership.

Google’s investment in an FTX-backed company could raise issues with those who…