Intel falls behind in AI race, Nvidia and AMD surge

Telecommunications firm Lumen Technologies has secured $5 billion in new deals from cloud and tech companies for its networking and cybersecurity solutions. These agreements come as more businesses rush to adapt AI-driven technologies. One notable deal involves Microsoft, which will use Lumen’s network equipment to expand its capacity for AI workloads.

Lumen, which provides secure digital connections for data centres, announced ongoing discussions with customers to secure an additional $7 billion in sales opportunities. The surge in AI adoption has led enterprises across multiple sectors to invest heavily in building infrastructure capable of supporting AI-powered applications.

Major corporations are increasingly seeking high-capacity fibre, a resource becoming valuable and potentially scarce due to growing AI requirements. Lumen’s AI-ready infrastructure and expansive network are key factors driving this demand. According to CEO Kate Johnson, this marks the beginning of a significant opportunity that could lead to one of the largest expansions of the internet ever.

In response to rising demand, Lumen has established a new division, Custom Networks, to oversee its Private Connectivity Fabric solutions portfolio. The division aims to meet the increasing needs of various organisations for secure and reliable connectivity solutions.