AI-based tokens are rallying, outpacing Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains in the last 24 hours. 

What Happened: Decentralized AI network SingularityNET (CRYPTO: AGIX) was up 24% in the last 24 hours. While Fetch.AI (CRYPTO: FET) was trading at $0.42 up 27%, and Artificial Liquid Intelligence (CRYPTO: ALI) at $0.04 up 30%.

The rally in AI tokens came after Alphabet Inc.’s Google (NASDAQ:GOOGL) reportedly said it invested nearly $400 million in artificial intelligence startup Anthropic AI, which is testing a rival to OpenAI’s ChatGPT.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards 

Google and Anthropic have entered into a new partnership following Microsoft Corp.'s high-profile $10 billion investment in OpenAI. This follows Microsoft's $1 billion investment in the AI startup in 2019, with an additional round in 2021. 

Price Action: At the time of writing, BTC was trading at $22.912, down 1.46%. ETH was at $1,627, down 2% in the last 24 hours, according to Benzinga Pro.
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