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(Reuters) – Microsoft (NASDAQ:) will use Lumen Applied sciences’ community gear to increase its capability for AI workloads, the businesses stated on Wednesday, because the expertise large seems to satisfy rising demand at its information facilities.
Microsoft stated in April {that a} scarcity of knowledge heart infrastructure wanted to deploy AI fashions was hampering its capacity to capitalize on the increase within the expertise.
The corporate has taken an early lead within the AI race due to 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 (NASDAQ:) and Amazon.com (NASDAQ:).
As a part of the deal on Wednesday, Lumen will faucet the tech large’s Azure cloud providers to chop prices.
The swap to Azure, the businesses stated, will assist enhance Lumen’s money movement by greater than $20 million over the following 12 months, aiding the turnaround efforts on the firm that restructured its debt in March.
Lumen, whose shares had been 3% larger in early buying and selling, had $18.59 billion in long-term debt as of March 31, in line with its newest quarterly earnings report.
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