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Verizon is Buying Frontier in $20B Deal to Strengthen its Fiber Network

This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)
This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)
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Verizon is Buying Frontier in $20B Deal to Strengthen its Fiber Network

This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)
This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)

Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network.

Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.

Frontier has concentrated heavily on its fiber network capabilities over about four years, investing $4.1 billion upgrading and expanding its fiber network. It now gets more than half of its revenue from fiber products.

The price tag for Frontier, based in Dallas, is sizeable given its 2.2 million fiber subscribers across 25 states. Verizon has approximately 7.4 million Fios connections in nine states and Washington, D.C, The AP reported.

Frontier has 7.2 million fiber locations and has plans to build out an additional 2.8 million fiber locations by the end of 2026.

“The acquisition of Frontier is a strategic fit," Verizon Chairman and CEO Hans Vestberg said in a prepared statement. "It will build on Verizon’s two decades of leadership at the forefront of fiber and is an opportunity to become more competitive in more markets throughout the United States, enhancing our ability to deliver premium offerings to millions more customers across a combined fiber network.”

Verizon, based in New York City, will pay $38.50 for each Frontier share. The deal is expected to close in about 18 months. It still needs approval from Frontier shareholders.

Shares of Frontier Communications Parents Inc., which were halted briefly on Wednesday after a report from the Wall Street Journal about the deal sent the stock up nearly 40%, fell 9% before the market opened on Thursday. Verizon's stock rose slightly.

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SDAIA Lists ALLaM 7B Arabic Language Model on Hugging Face

SDAIA Lists ALLaM 7B Arabic Language Model on Hugging Face
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SDAIA Lists ALLaM 7B Arabic Language Model on Hugging Face

SDAIA Lists ALLaM 7B Arabic Language Model on Hugging Face

The Saudi Data and Artificial Intelligence Authority (SDAIA) has disclosed the listing of the generative Arabic Large Language Model (ALLaM) —7 billion parameters category— on the Hugging Face platform. This platform, a prominent global open-source repository for natural language processing (NLP) resources, now hosts the nationally developed model, making it accessible to a global audience of developers and researchers for utilization in artificial intelligence applications.
SDAIA asserts that ALLaM is positioned as one of the preeminent generative language models for the Arabic language worldwide, SPA reported.
This initiative aligns with the strategic objectives of the Kingdom's Vision 2030, under the leadership of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister and SDAIA Board of Directors Chairman, who supports SDAIA's mandate to strengthen the Kingdom's position as a global technology hub for artificial intelligence and digital innovation.
ALLaM is a large language model distinguished by its precision and efficacy in the comprehension and processing of Arabic. Its capabilities encompass text summarization, content generation, and other functionalities, positioning it as a tool for the development of smart applications. The model's training, conducted on an extensive and diverse Arabic language dataset, is cited as contributing to its performance across varied operational environments.
According to SDAIA, the availability of ALLaM on the Hugging Face platform is intended to facilitate access for the scientific and technical community, enabling the development of artificial intelligence-driven applications.
The listing on Hugging Face represents a phase in the model's ongoing development. ALLaM was initially integrated into IBM's Watsonx platform, which facilitated advanced Arabic language analysis and processing through artificial intelligence solutions. Subsequently, it was launched on Microsoft's Azure cloud platform, providing developers and enterprises access to advanced cloud computing environments.
During the LEAP25 conference, Qualcomm, in collaboration with the ALLaM development team, announced the model's availability on the Qualcomm AI Cloud. Additionally, the "ALLAM AI PC," a computer incorporating advanced artificial intelligence technologies designed to enhance user interaction with the Arabic language, was unveiled.