35 AI News You Should Not Miss

33. DigitalBridge Group, Inc. (NYSE:DBRG)

Number of Hedge Fund Holders: 24

DigitalBridge Group, Inc. (NYSE:DBRG) is an infrastructure investment firm specializing in digital infrastructure assets. One of the company’s key focuses is data centers, which are essential for the AI sector. These data centers support the storage and processing needs of AI workloads, which require vast computational power. Communications firm Verizon recently signed an agreement with Florida-based communications infrastructure operator Vertical Bridge, which is majorly owned by DBRG, for it to exclusively operate and manage 6,339 wireless communications towers across the US for the telecom company under a $3.3 billion deal. The deal is structured as a prepaid lease with $2.8 billion paid upfront in cash and also includes certain commercial benefits, according to a joint statement from both parties. The move will aid the wireless carrier’s efforts to expand network footprint while reducing expenses.