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Cryptopolitan 2024-08-07 05:48:09

Lumen shares soar 93% after revealing $5 billion in new AI deals

Shares of Lumen Technologies soared as much as 93% on Tuesday after the American telecoms company announced it had secured $5 billion in new contracts from firms looking to install more fiber cables targeting AI. According to Lumen’s CEO, Kate Johnson, the Louisiana-based company is currently in talks for another $7 billion in potential deals

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