00:00Verizon is making a multi-billion dollar bet on the infrastructure behind artificial intelligence
00:05while raising its financial outlook for the year. The telecom giant has signed a deal worth more
00:11than $2 billion with Amazon Web Services to support the networks needed for generative
00:17and agentic AI. Verizon also added 406,000 post-paid phone connections in the third quarter,
00:25far exceeding analyst expectations, prompting the company to raise its forecast for full-year
00:30subscriber growth and adjusted earnings. The strategy positions Verizon to profit from both
00:36its core wireless business and the explosive demand for AI computing infrastructure.
