Verizon touts $1B dark fiber deal for Google data centers as first of many
Summary
Verizon announced a deal worth over $1 billion to connect Google data centers using its dark fiber network as part of a new AI-focused business effort. The company is also upgrading its central offices into small data centers to support fast AI computing near users, expecting more AI-related deals that will bring in billions of dollars over the coming years.Key Facts
- Verizon has a $1 billion deal with Google to link its data centers using Verizon’s dark fiber routes.
- Dark fiber means unused fiber-optic cables that can be rented out for data transmission.
- Verizon is converting some of its central offices into small data centers to support AI applications that need very low delays, like robotics or autonomous driving.
- This conversion supports "inference edge computing," which processes AI tasks closer to users instead of in large data centers.
- Verizon is retiring old copper wiring and replacing it with faster fiber-optic cables.
- Verizon expanded its fiber network to 31 states plus Washington, DC, after buying Frontier Communications for $20 billion.
- The company has been reducing its workforce and moving some retail stores to franchise owners.
- Verizon expects its AI-related deals to increase revenue and profits starting next year and grow a lot over 5 to 10 years.
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