Google might announce ChatGPT rival in its Search and AI event on February 8th

• ChatGPT might soon be rivalled by a similar AI engine from Google.
• Google’s ChatGPT rival might launch at the upcoming Search and AI event.
• The event will go live on February 8th, 2023, at 8:30 am.

Google is set to reveal its advancements in artificial intelligence at an upcoming event scheduled for February 8th, 2023, at 8:30 am. At the event, Google will showcase how the company is leveraging AI to transform how people search, discover and engage with information, making the process more effortless and user-friendly.

While we don’t know whether Google is planning to launch a new service or product during the event, there are indications that it might be the answer to OpenAI’s fastest-growing chatbot, ChatGPT, which has taken the world by storm in the past few months. Reportedly, ChatGPT topped 100 million users in January, much faster than apps like Instagram and TikTok.

According to a recent New York Times $4, Alphabet, the parent company of Google, has declared an internal "code red" following the launch of OpenAI's ChatGPT as it sees it as a potential threat to its search business. Recently, CNBC $4 that Google has begun testing various new AI tools, one of which is a chatbot named "Apprentice Bard."

Google makes a $300 million investment in Anthropic in a race against ChatGPT
According to the $4, Google has invested $300 million in Anthropic, a prominent rival to OpenAI. Anthropic's recently launched generative AI model, Claude, is deemed a worthy competitor to ChatGPT.

The investment, which gives Google a 10% stake, values the San Francisco-based company at approximately $5 billion. This development follows Microsoft's recent $10 billion investment in OpenAI, indicating the intensifying competition among big tech companies in the generative AI sector.

However, Google never felt compelled to make its AI products readily available to the general public in their early stages. The launch of ChatGPT changed this, as the longer Google takes to launch competitive alternatives, the more widespread ChatGPT could become due to the absence of other options.

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