Lumen Secures $5B AI-Enabled Deals
This is a news story, published by Yahoo Finance, that relates primarily to Lumen Technologies news.
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network equipmentReuters
•Lumen secures deals worth $5 billion on AI driven demand for connectivity
81% Informative
Lumen Technologies secured new deals worth $5 billion from cloud and tech companies for its networking and cyber-security solutions.
Deals include one with tech giant Microsoft , which announced last month that it will use Lumen 's network equipment to expand its capacity for AI workloads.
Lumen said major corporations are rushing to secure high-capacity fiber, a resource that is becoming increasingly valuable and potentially scarce.
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