04:18 AM EDT, 05/20/2026 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google DeepMind unit has reached an agreement to hire more than 20 researchers from Contextual AI while obtaining a license for the firm's technology, Reuters reported Tuesday, citing a person familiar with the matter.

Under the arrangement, Alphabet will pay $80 million to $90 million to Contextual AI, the unnamed source told the news agency.

Contextual AI co-founder and Chief Executive Douwe Kiela is expected to join Google DeepMind as part of the deal, according to the report.

Google didn't immediately respond to MT Newswires'request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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