Top 9 AI News Investors Should Not Miss

4. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 74

Verizon Communications Inc. (NYSE:VZ) is a telecommunication services company that offers communications, information and entertainment products and services. On February 26, the company achieved a significant milestone of a record-breaking 480 Mbps uplink speed in a successful trial with Erickson and Qualcomm. The milestone was achieved through the combination of TDD carrier component aggregation with C-band spectrum and uplink MIMO technology.

The 480 Mbps uplink speed will greatly benefit time-sensitive applications such as live broadcasting, remote robotics, and healthcare diagnostics. It should also strengthen Verizon Communications Inc.’s (NYSE:VZ) prospects in managing AI-driven workloads amid the rapid 5G network rollout. Additionally, it should unlock new opportunities around industrial automation and generative AI models, as the applications require continuous data uploads for model training and decision-making. Srini Kalapala, Senior Vice President of Technology and Product Development at Verizon, said:

“Emerging applications, such as smart surveillance, industrial automation, augmented reality devices and generative AI models, require massive amounts of data to be continuously uploaded for analysis, decision-making, and model training. Faster uplink speeds, in combination with the other advancements we’ve been introducing into our network, ensure that AI-driven systems can process real-time video feeds, sensor data, and user interactions without lag, improving responsiveness and accuracy. The work we are doing to drive uplink speeds is a key variable that will allow our customers to take advantage of these AI applications on our network.”