Verizon Sees AI as ‘Next Growth Machine' for Internet Demand [Yahoo! Finance]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
and streaming videos, the chief of the wireless carrier's consumer division said. Most Read from Bloomberg Trump Vows ‘Day One' Executive Order Targeting Offshore Wind Biden Accuses China of ‘Cheating' on Trade, Imposes New Tariffs Macron Puts French Banks in Play With Plan to Transform Europe Flood of China Used Cooking Oil Spurs Call to Hike US Levies Five Under-the-Radar Billionaires Making Vast Fortunes in Modi's India That's about to change: While video traffic growth may soon plateau, Verizon Consumer Chief Executive Officer Sowmyanarayan Sampath said, demand tied to artificial intelligence tools is picking up and is set to more than double the company's network over the next five years. AI “is the next growth machine for us” because it creates mountains of data that will need to be carried, for example, from data centers to end-users for analysis and then back to data centers, Sampath said in an interview with Bloomberg on Monday ahead of an announcement on Tues
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VZ
Earnings
- 10/22/24 - Beat
VZ
Sec Filings
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- VZ's page on the SEC website