Along with fellow US giant Amazon, Microsoft announced on Sunday that it will invest four billion euros in the development of data centers in France.

The announcements were made the night before the eighth Choose France Summit, which is intended to bring in foreign capital to France. Near Paris, at the Chateau of Versailles, Macron will host the event.

According to Microsoft President Brad Smith, the company has made its largest investment in France since its debut forty-one years ago with this move to fortify its cloud computing and artificial intelligence infrastructure.

According to Smith, the decision was justified by France’s “longstanding commitment to carbon-free energy markets” and its standing as a “critical leader” in Europe.

While current locations in the Paris region and the southern city of Marseille will be larger, a new data center will be built in eastern France.

Amazon, the world’s largest online retailer, will invest more than 1.2 billion euros in France, generating over 3,000 jobs, the office of French President Emmanuel Macron announced earlier on Sunday.

According to a release, the funds will be used to develop the logistical infrastructure of Amazon Web Services’ (AWS) parcel delivery service as well as the cloud architecture, primarily generative artificial intelligence.

Amazon recently stated that it did not want to make any comments in advance of a potential announcement that would be made at the event, so it did not respond to AFP’s attempts on Sunday.

By the end of the year, the US company’s workforce in France would have increased to 24,000, primarily in its logistics centers, with the announcement of the creation of 2,000 more jobs in the nation in 2024.

One of the company’s most important subsidiaries, AWS, generated $25 billion in revenue globally in the first quarter by taking advantage of the increasing demand for remote computing and AI services among enterprises.

AstraZeneca, a British company, and Pfizer, a US business, said on Sunday that they will invest an additional one billion euros in France’s health industry, just as Choose France was about to begin.

A possible factory producing fertilizer is the biggest industrial project that has been mentioned to far. It has the ability to significantly decrease carbon dioxide emissions.

Industry Minister Roland Lescure informed the French newspaper La Tribune Dimanche that the European consortium FertigHy is due to announce that it is considering spending 1.3 billion euros ($1.4 billion) in a factory located in the northern Somme region of France.