Lumen Technologies Inc (LUMN)

[Stock Guy777]

Blackstone Inc. (NYSE: BX), is betting on the AI surge to continue, predicting double that of Goldman Sachs, by including another $1 trillion in capital expenditures outside of the United States. Behind the scenes are several developers facilitating this push, providing new AI infrastructure solutions to tech giants and clients, including from Avant Technologies Inc. (OTCQB: AVAI), Vertiv Holdings Co (NYSE: VRT), Microsoft Corporation (NASDAQ: MSFT), and Lumen Technologies, Inc. (NYSE: LUMN).


Recently, tech giant Microsoft Corporation (NASDAQ: MSFT) launched a partnership with telecommunications specialists Lumen Technologies, Inc. (NYSE: LUMN). The partnership will incorporate the Microsoft Cloud to further drive Lumen's digital transformation, while Microsoft has also tapped Lumen to expand its network capacity and capability to meet the growing demand on its datacenters due to AI.

"Microsoft has an ambitious vision for AI and this level of innovation requires a network that can make it reality," said Kate Johnson, president and CEO, Lumen Technologies. "Lumen's expansive network meets this challenge, with unique routes, unmatched coverage, and a digital platform built to give companies the flexibility, access and security they need to create an AI-enabled world."

Prior to this collaboration, Microsoft and Lumen Technologies had already built a longstanding relationship. Both companies have worked together for several years, with Lumen leveraging Copilot to automate routine tasks and reduce employee workloads and enhance Microsoft Teams.

By adopting Microsoft's cloud and AI technology, Lumen can lower its technology costs, eliminate legacy systems and silos, enhance its offerings, and develop new solutions for its global customers.

Lumen will migrate and modernize its workloads to Microsoft Azure, utilize Microsoft Entra solutions to secure access and prevent identity attacks, and collaborate with Microsoft to develop new telecom industry-specific solutions. This initiative alone is expected to boost Lumen's cash flow by over $20 million in the next 12 months while enhancing the company's customer experience.

"Lumen has the network infrastructure and the digital capabilities needed to help support Azure's mission in creating a reliable and scalable platform that supports the breadth of customer workloads—from general purpose and mission-critical, to cloud-native, high-performance computing, and AI, plus what's on the horizon," said Erin Chapple, corporate vice president of Azure Core Product and Design, Microsoft. "Our work with Lumen is emblematic of our investments in our own cloud infrastructure, which delivers for today and for the long term to empower every person and every organization on the planet to achieve more."

Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/