tech
Verizon touts $1B dark fiber deal for Google data centers as first of many
Telecom expects AI revenue from dark fiber deals and retrofitted data centers.
TL;DR
- Verizon secured a deal exceeding $1 billion to link Google data centers with its dark fiber routes.
- The company is converting central offices into small data centers to support AI inference workloads and edge computing.
- Verizon expects additional AI-related deals worth multiple billions of dollars in revenue over the next several years.
- The "AI Connect" business initiative aims to address the increasing demand for data center connectivity and low-latency AI applications.
- Verizon expanded its fiber network significantly after a $20 billion acquisition of Frontier Communications.
- The company has also been undergoing workforce reductions and transferring retail operations.