October 21, 2024 - $Lumen Technologies (LUMN.US)$ shares surged 18.69% to $8.00 in pre-market trading on Monday.
Lumen Technologies and Meta are partnering to significantly increase Meta's network capacity and help drive its bold AI ambitions. The expanded network will provide dedicated interconnection for Meta's industry-leading infrastructure, strengthening and increasing the company's ability to lead in AI development. This increase in capability is another differentiator that will fuel Meta's vision to advance AI for a more connected world.
"We're enabling one of the biggest expansions of network capacity in our lifetime," said Ashley Haynes-Gaspar, Lumen's EVP and chief revenue officer. "We've transformed our company to meet this demand. As Meta's customers use more AI services across its platforms, we're helping provide Meta with a seamless, effortless, and flexible network that will meet its growing needs."
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers' needs today and as they build for tomorrow.
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