According to reports, Microsoft wants to invest $3.4 billion in the artificial intelligence infrastructure in Germany.

According to Bloomberg, German Chancellor Olaf Scholz and President Brad Smith revealed the plans on Thursday, February 15, at a press conference in Berlin.

“German companies are rapidly adapting AI-related technologies,” Smith said, per the report. “We’re expanding our data processing centers in the region.”

He continued by saying that this will be the tech company’s biggest direct investment in Germany. It will be utilized to hire laborers and build new data centers in North Rhine-Westphalia and the surrounding areas of Frankfurt.

In an attempt to exploit its partnership with OpenAI to become a dominant force in AI, Microsoft is concentrating on cloud infrastructure and data centers. With a market valuation of more than $3 trillion, Microsoft has surpassed Apple to become the most valuable corporation in the world thanks to its fervor for the mission.

PYMNTS reported last week that such achievements are “increasingly par for the AI course,” with Google announcing this month that its Gemini Advanced chatbot has more than 100 million subscribers, and OpenAI surpassing $2 billion in annualized revenue late last year, making it one of the fastest-growing companies in history.

In an earlier interview this month, PYMNTS examined the sharp increase in demand for generative AI tools like OpenAI’s ChatGPT. Andy Hock is senior vice president of product and strategy at Cerebras.

“The ChatGPT light bulb went off in everybody’s head, and it brought artificial intelligence and state-of-the-art deep learning into the public discourse,” Hock told PYMNTS.

“And from an enterprise standpoint, a light bulb went off in the heads of many Fortune 1000 CIOs and CTOs, too,” he added. “These generative models do things like simulate time series data. They can classify the languages and documents for applications, say, in finance and legal. They can also be used in broad domains to do things like help researchers develop new pharmaceutical therapies or better understand electronic health records and predict health outcomes from particular treatments.”

As PYMNTS pointed out, the capacity of AI to multimodally comprehend visual, spoken, auditory, and textual data may be the biggest advancement in the field in the last year.

In an August interview, Ed Chandler, senior vice president and head of Commercial and Money Movement Solutions for Europe at Visa, told PYMNTS that “hyper-personalized, really immersive experiences are going to be so important going forward.”