But Google says that their mission is to organize the world's information and make it universally accessible and useful. A technology that understands and generates human language, with all its idiosyncrasies and connotations, is probably pretty important to that mission. And OpenAI stole a march on Google in commercializing it.
Maybe they justifiably panicked a little because they were starting to miss the boat.
It's a fine line between running around with your head cut off, and entering terminal decline due to too little too late.