Inaction on AI: A Critical Misstep for Telecos, Says McKinsey
The telecom industry stands at a pivotal crossroads with AI, as a new McKinsey report warns about the dangers of inaction in this rapidly evolving market. Telcos must adapt swiftly to the AI revolution to not only seize a market potential valued at up to $70 billion by 2030 but also avoid losing ground to more agile competitors. Companies like Verizon and Lumen are already trailblazing in AI-driven fiber and network services, striving to align with the high-growth GPUaaS sector projected by McKinsey. However, massive infrastructure needs for AI could still pose significant challenges.
May 28