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Charter AI Pact with AWS Unveiled
27 Nov
Summary
- Charter Communications partnered with Amazon Web Services on November 18.
- The collaboration aims to enhance software development using generative AI.
- An analyst downgraded Charter stock due to market challenges on November 3.
Charter Communications has entered a significant strategic partnership with Amazon Web Services, announced on November 18. This collaboration is set to leverage generative AI to revolutionize software development and operational processes within the company. By integrating AWS technologies, Charter plans to enhance efficiency and deliver superior experiences to its customers.
The partnership will specifically utilize tools like GitLab Duo and Amazon QuickSight to build, operate, and transform software development. Charter's Executive Vice President, Jake Perlman, stated that AWS technology opens avenues for AI-powered solutions that will boost capabilities and improve both customer and employee experiences.
However, the company faces market headwinds, as indicated by a downgrade on November 3 by Bernstein analyst Laurent Yoon. He cited increasing challenges to EBITDA growth, including subscriber losses and rising marketing costs, although Charter's free cash flow remains a positive point.
