financetom
Business
financetom
/
Business
/
Market Chatter: Verizon Attributes Sales Boost to Google AI Tools
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Verizon Attributes Sales Boost to Google AI Tools
Apr 9, 2025 9:38 AM

12:07 PM EDT, 04/09/2025 (MT Newswires) -- Verizon (VZ) has seen a nearly 40% sales increase by its customer service team following the deployment of an artificial intelligence assistant developed by Alphabet's (GOOG, GOOGL) Google Cloud unit, Reuters reported Wednesday, citing a Verizon executive.

The AI assistant was introduced in July 2024 and scaled across Verizon's 28,000-person service team by January. It helps agents resolve customer inquiries more quickly, reducing call times and allowing staff to focus on sales, according to the report.

Division executive Sampath Sowmyanarayan said the AI tools were trained using nearly 15,000 internal company documents, enabling customer service personnel to address inquiries and shift to marketing services and equipment.

"We are doing reskilling in real time from customer care agents to selling agents," Sowmyanarayan told Reuters during Google Cloud's Next 2025 conference in San Francisco.

Google Cloud CEO Thomas Kurian described the Verizon deployment as a large-scale implementation compared to other enterprise AI efforts.

Representatives for Verizon and Google ( GOOG ) did not immediately return messages from MT Newswires on Wednesday seeking comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.

Price: 41.64, Change: -0.53, Percent Change: -1.26

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kane Biotech Announces an Update on DispersinB
Kane Biotech Announces an Update on DispersinB
Aug 29, 2024
11:06 AM EDT, 08/29/2024 (MT Newswires) -- Kane Biotech ( KNBIF ) on Thursday said it published a new review article on DispersinB in the international, peer-reviewed, open-access journal, Pathogens. The article is authored by Dr. Jeffrey Kaplan, the discoverer of the DispersinB enzyme and a consultant to Kane Biotech ( KNBIF ). DispersinB exhibits antibiofilm activity against more than...
Salesforce's Future Includes 'Massive' AI Opportunity, Wedbush Says
Salesforce's Future Includes 'Massive' AI Opportunity, Wedbush Says
Aug 29, 2024
11:07 AM EDT, 08/29/2024 (MT Newswires) -- Salesforce ( CRM ) has a massive opportunity in artificial intelligence ahead as the company looks to drive growth by deploying the technology broadly across products and services, Wedbush Securities said in a note Thursday, a day after the company released its results for Q2. While still battling through various headwinds in a...
Burlington Stores Tops Fiscal Second-Quarter Sales Views, Lifts Midpoint of Full-Year Revenue Outlook
Burlington Stores Tops Fiscal Second-Quarter Sales Views, Lifts Midpoint of Full-Year Revenue Outlook
Aug 29, 2024
11:09 AM EDT, 08/29/2024 (MT Newswires) -- Burlington Stores ( BURL ) reported stronger fiscal second-quarter sales than the market predicted while raising the midpoint of its full-year revenue guidance as the off-price retailer benefited from fewer items on clearance and new store openings. Revenue climbed to $2.47 billion for the three months ended Aug. 3 from $2.17 billion the...
Rio Tinto, BYD and LG Energy eligible for Chile's Altoandinos lithium project
Rio Tinto, BYD and LG Energy eligible for Chile's Altoandinos lithium project
Aug 29, 2024
SANTIAGO, Aug 29 (Reuters) - Rio Tinto, BYD , LG Energy and Eramet are among the companies that are eligible to proceed with proposals to develop a lithium project in Chile's Altoandinos salt flats, the state-run mining company ENAMI said on Thursday. (Reporting by Daina Beth Solomon and Fabian Cambero;) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved