Zoom reveals major rebrand dropping video as it goes all-in on AI

Date:
Tue, 26 Nov 2024 12:04:17 +0000

Description:
Zoom wants to distance itself from video calls only as it seeks to get a
slice of the office software market.

FULL STORY ======================================================================Zoom reveals rebrand, says it has achieved what it wanted in terms of its video conferencing platform The company is now going all-in on its Workplace office software Quarterly revenue growth is slowing down

Zoom has rebranded itself in a major shift away from the video conferencing solution that weve all come to know and "love" and the company now wants you to know it as an AI-first work platform for human connection.

In a blog post entitled Allow us to reintroduce ourselves, CEO Eric Yuan recalls the founding of the company in 2011, when its goal was to become the best video conferencing solution on the market, a target it certainly delivered on during the pandemic when the rise of video calling allowed it to become synonymous with both personal and workplace communications.

The so-called Zoom 2.0 now wants to be so much more than just a video conferencing solution, but dont worry, video calls arent going anywhere just yet. Zoom 2.0

Speaking about advances in artificial intelligence, Yuan now describes Zoom
as an AI-first company, and key to this is AI Companion which is integrated throughout the Zoom Workplace portfolio.

In a bold statement, Yuan proposed: Over time, we believe these capabilities will translate into a fully customizable digital twin equipped with your institutional knowledge, freeing up a whole days worth of work and allowing you to work just four days per week.

Previously a 48-hour affair, the CEO recalls Henry Fords work in automation
to bring the typical working week down to 40 hours. He now wants to bring
back another eight hours to everyones lives.

Zoom is now about so much more than video meetings, said Yuan, who has
removed the Video from the companys formal name Zoom Video Communications, Inc. The company hasn't shared details of where it's heading in terms of new product launches, but the newly added Zoom Docs and the upgraded Zoom AI Companion 2.0 suggest it could be looking on to take more established giants like Microsoft and Google.

The firm also announced that third-quarter revenue stood at $1.177 billion, marking a 3.6% year-over-year growth. Fourth-quarter figures arent predicted to be so healthy, with anticipated revenue of between $1.175 billion and $1.180 billion. You might also like Cut the costs with the best free office software Weve listed the best online collaboration apps Zoom claims it is outperforming the likes of Microsoft Teams when it comes to AI power



======================================================================
Link to news story: https://www.techradar.com/pro/zoom-has-rebranded-itself-to-remove-the-video-as -it-goes-all-in-on-ai


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)