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Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27 report by The Wall Street Journal (WSJ), which cited people familiar with the matter.

The mega-deal adds to Google’s $550 million investment into Anthropic earlier in 2023.

Google Cloud also struck a multiyear deal with Anthropic a few months ago worth over $3 billion, The WSJ revealed, citing a person familiar with the matter.

The news follows Amazon’s massive $4 billion investment into Anthropic in September