Cogent Communications CEO: AI is Transformational, but Monetization Unclear; Sees Fiber, Layer 1 Upside

Cogent Communications CEO Dave Schaeffer believes AI is transformational, but monetization remains unclear. He expects AI to drive raw data collection/storage, edge fiber builds, and demand for low-latency "Layer 1" long-haul transport. Cogent, which carries about 25% of global internet transit, is positioned to benefit from these trends and targets 6-8% revenue growth and 40% EBITDA margins.