As interest and demand for A.I. applications soar, so does the less sexy but crucial A.I. infrastructure industry—think semiconductors, data centers and everything in between that power A.I. tools like ChatGPT. Last month, Lumen Technologies, which provides network solutions for governments and businesses, announced that it had secured $5 billion worth of A.I. contracts within 100 days, including a strategic partnership with Microsoft. Leading the rapid dealmaking is Lumen’s CEO Kate Johnson, who joined the company in late 2022 from Microsoft (MSFT), where she served as president of Microsoft U.S. for four years.
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“We are helping those huge technology companies get ready to build critical infrastructure for the next 20 years, and so that........