Optimum Inks Multi-Year Agreement for Amdocs Ltd (DOX) AI Suite

Amdocs Ltd (NASDAQ:DOX) is one of the cheap AI stocks to buy right now. On September 10, Optimum, a provider of fiber internet, mobile, and TV services, reached an agreement to continue using the company’s AI offerings.

Optimum is to leverage Amdocs amAlz Suite; a telco-grade AI platform to implement new solutions, including AI-powered Bill Presenter and Gen AI Care Agent. The integration will enable the company to modernize its billing infrastructure and resolve issues with its legacy system.

According to Anthony Goonetilleke, Group President of Technology and Head of Strategy at Amdocs, the deal underscores the growing demand for the company’s solutions amid an increasing need for smart, scalable operations.

“Our collaboration with Optimum underscores the growing need for smart, scalable operations that go beyond traditional IT services,” said Goonetilleke. “With our AI-powered solutions, we’re empowering Optimum to simplify complexity, accelerate innovation, and unlock long-term business value.”

Amdocs Ltd (NASDAQ:DOX) is a technology company that uses AI to help telecommunications companies transform customer experiences, automate operations, and optimize decision-making. It has partnered with NVIDIA to develop and deploy these AI solutions, using NVIDIA’s infrastructure and models to build advanced AI agents.

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Disclosure: None. This article is originally published at Insider Monkey.