Verizon CEO: No telco is better prepared for the Edge than us Generative AI will drive edge capabilities of mobile devices, says Hans Vestberg

Verizon CEO Hans Vestberg has said the company is best positioned to maximize the potential of edge computing with generative AI.

Vestberg made the comments during Goldman Sachs’ Communacopia + Technology conference earlier this week. He revealed that Verizon has been talking about the mobile edge computing opportunity since 2018.

He previously said in July that the company’s ability to deploy and support mobile edge computing makes Verizon “the backbone of the AI ​​economy and the partner of choice for AI players.”

At the event, he noted that industry adoption of edge computing has been slower than expected, but he expects generative AI to play a critical role in enabling edge use cases. “It has to be edge computing, there has to be latency, performance, and economics to do a lot of transformations at the edge of the network. We’ve seen that happen, probably not at the speed you expect,” he said, as seen on Seeking Alpha. “I think what we’re seeing right now in conversations with all the major players in the market is that GenAI applications on the Edge will become a reality when they become products.”

Vestberg says Verizon has an edge over its competitors when it comes to edge computing.

“We already have compute, processing and storage power across the country because of our mobile edge computing. “That’s why I think no one in the telecom world is better positioned than Verizon to be part of today’s kind of GenAI Edge Computing.”

On the topic of generative AI, Vestberg divides its potential into three areas: efficiency for customers, personalization for customers, and the potential to generate revenue for its customers.

Fiber Frontier

Vestberg also addressed Verizon’s $20 billion acquisition of Frontier Communications, announced last week. He said the deal represents the company’s strategy to increase fiber coverage across the United States and become the largest wireless network in the country.

“We only built the network once. We want to drive as many profitable connections as possible to a single version of the network, so obviously adding this simply means adding more customers. “It increases our [total market we can reach]. “We can reach more customers with our current strategy, which means we can sustain growth and continue to grow as we are now.”

Verizon said last week that the deal will expand its intelligent Edge network to include digital innovations such as artificial intelligence and IoT. Frontier offers broadband to approximately 7.2 million locations in 25 states and has 2.2 million fiber customers. Verizon currently offers fiber service through its Fios offering. The company has approximately 18 million fiber optic points of sale throughout the country.

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Abgineh Pardaz Shargh