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Home»Finance»Microsoft aims to boost AI workload capacity with Lumen Technologies partnership
Finance

Microsoft aims to boost AI workload capacity with Lumen Technologies partnership

July 24, 2024No Comments1 Min Read
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Microsoft aims to boost AI workload capacity with Lumen Technologies partnership
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(Reuters) – Microsoft will use Lumen Applied sciences’ community tools to broaden its capability for AI workloads, the businesses stated on Wednesday, because the know-how large appears to be like to fulfill rising demand at its information facilities.

Microsoft stated in April {that a} scarcity of information heart infrastructure wanted to deploy AI fashions was hampering its skill to capitalize on the growth within the know-how.

The corporate has taken an early lead within the AI race because of its funding in ChatGPT-maker OpenAI and has been pouring billions of {dollars} into cloud infrastructure to keep up its edge over Google-parent Alphabet and Amazon.com.

As a part of the deal on Wednesday, Lumen will faucet the tech large’s Azure cloud providers to chop prices.

The change to Azure, the businesses stated, will assist enhance Lumen’s money circulate by greater than $20 million over the subsequent 12 months, aiding the turnaround efforts on the firm that restructured its debt in March.

Lumen had $18.59 billion in long-term debt as of March 31, in response to its newest quarterly earnings report.

(Reporting by Aditya Soni in Bengaluru; Modifying by Savio D’Souza)

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