Figurines with computers and smartphones are seen in front of the words “Artificial Intelligence AI” in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Oct 30 (Reuters) – Lumen Technologies (LUMN.N), opens new tab edged past third-quarter revenue estimate and posted a smaller-than-expected loss on Thursday, driven by demand for its network infrastructure to support massive data flows and computational workloads amid an AI boom.

The telecom and networking firm continues to have an opportunity to expand its share of business revenue, as hyperscalers and enterprise customers ramp up bandwidth demand to support growing AI applications and modernize their core connectivity infrastructure.