microsoft It reportedly aims to invest $3.4 billion in artificial intelligence infrastructure in Germany.
President Brad Smith announced the plan during a press conference in Berlin with German Chancellor Olaf Scholz on Thursday (February 15), Bloomberg reported.
“German companies are rapidly adopting AI-related technologies,” Smith said, according to the report. “We are expanding our data processing centers in the region.”
He added that this will be the tech giant’s largest direct investment in Germany and will be used to build new data centers and train workers in North Rhine-Westphalia and around Frankfurt.
Microsoft is focused on cloud infrastructure and data centers as it aims to become an AI powerhouse through its collaboration with OpenAI. This commitment to our mission has propelled Microsoft to more than $3 trillion in market capitalization, surpassing Apple to become the world’s most valuable company.
As PYMNTS wrote last week, such milestones are “becoming par for the AI course.” OpenAI surpassed his $2 billion in annual revenue at the end of last year, making him one of the fastest growing companies in history, and Google announced this month that its Gemini Advanced chatbot will have more than 100 million registered users. There are people.
Earlier this month, PYMNTS explored the rapidly growing demand for generative AI tools like OpenAI’s ChatGPT in an interview with Andy Hock, senior vice president of product and strategy at Cerebras.
“The ChatGPT light bulb went on in everyone’s heads, bringing artificial intelligence and cutting-edge deep learning into the public sphere,” Hock told PYMNTS.
“And from a corporate perspective, a light bulb went off in the heads of a lot of Fortune 1000 CIOs and CTOs,” he added. “These generative models do things like simulate time-series data. For example, they can classify language and documents for applications such as finance and legal. They also help researchers develop new drug treatments. It can also be used in a wide range of fields to help patients, better understand electronic health records, and predict health outcomes from certain treatments.”
Perhaps the biggest advance in AI over the past year is the technology’s ability to bring together and analyze visual, verbal, audio, and textual data in a multimodal manner, PYMNTS added.
“Hyper-personalized, truly immersive experiences are going to be very important going forward,” Ed Chandler, Visa’s senior vice president and head of European commercial and money transfer solutions, told PYMNTS in an August interview. Told.
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