2024-08-07 10:34:54.AIbase.10.9k
Lumen Technologies, the American Telecom Giant, Secures $5 Billion Order Amid AI Boom, Stock Soars 93%
American telecom company Lumen Technologies has seized opportunities from the rapid development of AI, announcing a new business order worth $5 billion, primarily aimed at meeting the demand for more fiber networks from enterprises to tackle the challenges of AI data processing. Lumen's CEO Kate Johnson stated that the AI economy is transforming business operations, and an increasing number of companies recognize the importance of a robust network infrastructure. The stock surged about 93% on Tuesday, with a total increase of 164.6% this year. They are collaborating with Microsoft, utilizing the Azure platform internally.
