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Telcos race to transition from 'dumb pipes' to tech players with help from AI
- Telecommunications firms are investing heavily in AI and other technologies to move away from the traditional perception of being 'dumb pipes' in the internet ecosystem.
- At the Mobile World Congress in Barcelona, telecom CEOs discussed investments in AI, 5G/6G networks, satellite internet, and smart cities.
- Global telcos like KDDI and MTN are venturing into smart city projects, satellite internet, and expanding into fintech services.
- The term 'techco' has emerged, signifying telcos operating like tech companies, offering digital services and cutting-edge technology.
- Telecom companies are reacting to disruptions caused by tech giants like Meta and Google, transforming their business models to stay relevant.
- AI is being utilized by telecom firms to enhance network efficiency, marketing, customer service, and to explore new business opportunities.
- The focus on autonomous networks, managed with limited human intervention, is gaining momentum in the industry with advancements in AI technology.
- Cisco's Chief Product Officer highlighted the increasing demand for network traffic and bandwidth driven by AI advancements, emphasizing the important role of telcos.
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