2024 Bookings from AI-Related
Connectivity Totaled Nearly $110
Million
NEW
YORK, Jan. 16, 2025 /PRNewswire/
-- Lightpath, an all-fiber, infrastructure-based connectivity
provider that is revolutionizing how organizations connect to their
digital destinations, announced that in 2024 the company booked
nearly $110 million of artificial
intelligence (AI)-driven digital infrastructure sales to
hyperscalers. At the end of 2024, Lightpath's AI-related
infrastructure opportunities pipeline totaled nearly $1 billion.
Lightpath reaches milestone, booking nearly
$110M in AI-driven digital
infrastructure sales to hyperscalers in 2024.
Lightpath's 2024 bookings and pipeline were driven by demand
across all major hyperscalers looking to secure massive levels of
bandwidth for current and future AI initiatives. Additionally, the
company is seeing significant sales and demand across more than 10
markets, including both existing and new markets.
The increasing wave of innovations in AI is driving
unprecedented demand for connectivity on a massive scale. AI
deployments require greater bandwidth than ever before, with an
emphasis on reducing latency and enhancing network security. This
surge in demand represents a generational opportunity to reshape
fiber infrastructure in the US, revolutionizing how organizations
connect their digital destinations over the next decade.
Lightpath, with its dense, all-fiber network and unique
operational and construction capabilities, is uniquely positioned
to support AI deployments within its existing footprint
(New York Metro, Boston Metro, and Miami Metro) and beyond. With a network
spanning over 10,800 unique route miles, Lightpath offers robust
infrastructure solutions tailored to meet the needs of
bandwidth-intensive technologies.
"At Lightpath, we recognize the critical importance of
delivering solutions designed to serve our customers for decades to
come," said Tim Haverkate, Executive
Vice President of Lightpath. "We are committed to partnering with
our customers to build networks that support organizations at the
forefront of adopting transformational technologies."
Rachel Stack, CFO of Lightpath,
emphasized the strategic significance of this trend. "The current
momentum around AI represents an exciting opportunity for
Lightpath. We believe we've only begun to tap the economic
potential of AI-driven demand and anticipate that it will serve as
a key growth vehicle for years to come."
About Lightpath
Lightpath is revolutionizing how
customers connect to their digital destinations by combining our
next-generation network with our next-generation customer service.
Lightpath's advanced fiber-optic network offers a comprehensive
portfolio of custom-engineered connectivity solutions with
unparalleled performance, reliability, and security. Our
consultative customer service means we work with you to design,
deliver, and support the solution for your unique needs, faster and
more easily than ever before. For over 30 years, thousands of
enterprises, governments, and educators have trusted Lightpath to
power their organization's innovation. Lightpath is jointly owned
by Altice USA (NYSE: ATUS) and
Morgan Stanley Infrastructure Partners.
Follow Lightpath on LinkedIn. For more information, please visit
lightpathfiber.com.
For Lightpath Media Inquiries:
JSA for Lightpath
1-866-695-3629
jsa_lightpath@jsa.net
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lightpath-responding-to-nearly-1-billion-of-growing-ai-driven-demand-302352453.html
SOURCE Lightpath
