Top 10 AI News Updates Analysts are Monitoring

3. Lumen Technologies Inc. (NYSE:LUMN)

Number of Hedge Fund Holders: 44

Lumen Technologies Inc. (NYSE:LUMN) is a communication services company that offers integrated products and services to business and residential customers. It offers dark fiber, edge cloud services, internet protocol, managed security, and software-defined wide area networks. On February 25, the company confirmed it had selected Ciena as its preferred optical vendor to enhance its network infrastructure for AI workloads.

The partnership will enable the implementation of WaveLogic 6 Extreme (WL6e) technology, which features the industry’s first 1.6 Tb/s coherent transceiver powered by 3nm silicon. As a result, Lumen will be better equipped to provide highly customized, scalable connectivity services to leading cloud and data center providers trying to keep up with the rise in workloads related to artificial intelligence (AI) and related traffic.

In addition, Lumen Technologies Inc. (NYSE:LUMN) should enjoy significant benefits, including a 50% reduction in space and power per bit. As data center operators deal with growing power limitations and sustainability demands in the midst of the AI boom, these efficiency gains are especially important.