On Tuesday, Verizon Communications Inc (NYSE:VZ) announced a new solution developed with Nvidia Corp (NASDAQ:NVDA) that enables a wide range of AI applications to run over Verizon's reliable 5G private network with private Mobile Edge Compute (MEC).
The new AI-powered private 5G platform stack is an infrastructure developed by Verizon and Nvidia that is designed to plug and play, helping third-party developers innovate while accommodating future evolutions in AI computing and various AI and connectivity applications.
It can provide these services remotely via portable private network solutions or on a customer's premises with a permanent private network.
Also Read: Walmart Teams Up With China's Meituan to Boost E-Commerce
The stack can handle compute-intensive apps, including Generative AI large language models and Vision Language Models, Video streaming, broadcast management, Computer Vision (CV), Augmented/Virtual/Extended Reality (AR/VR/XR), Autonomous Mobile Robot/ Automated Guided Vehicle (AMR/AGV), and IoT.
Verizon engineers will begin demonstrations of this solution in early 2025.
Srini Kalapala, Senior Vice President of Technology and Product Development at Verizon, acknowledged leveraging its private networks and Verizon's global industry leadership in private MEC, combined with Nvidia's AI computing capabilities to enable real-time AI applications that require security, ultra-low latency, and high bandwidth.
Ronnie Vasishta, Senior Vice president of Telecom at Nvidia, noted Verizon's integration of Nvidia's full-stack AI platform into its new solution for running AI workloads on private 5G networks as a big step forward in helping enterprises of all sizes reach their business objectives faster with AI.
In October, Keybanc analyst Brandon Nispel downgraded Verizon stock from Overweight to Sector Weight following weaker-than-expected quarterly print.
Nispel flagged Verizon's potential acquisition of Frontier Communications Parent, Inc (NASDAQ:FYBR) as restricting its ability to repurchase shares soon, which could otherwise generate over 6% yield. He also highlighted slowing improvements in postpaid phone net additions and higher device subsidies, indicating higher costs.
Price action: VZ stock is down 0.02% at $40.87 at the last check on Tuesday.
Also Read:
- Trump and Netflix Boss Sarandos Set for High-Stakes Mar-a-Lago Meeting
Image via Shutterstock
