Zoom changes its name from Zoom Video Communications Inc. to simply Zoom Communications Inc. doing these A post on the company blogEric Yuan, CEO of Zoom Communications, writes that Zoom is now an “AI-first work platform for human connection” that offers “modern, hybrid work solutions.” It's a vague, nebulous change compared to the rise of 2020, when the classic Zoom Meetings product became synonymous with video conferencing and companies were forced to shift employees to working from home.
Now, it doesn't want to be known for video as employees return to offices, and larger, better-resourced competition from Google, Microsoft, and Slack offers video as a feature of the office suites that companies already require. Only pay.
By the end of 2020, Zoom's Revenue had quadrupled year-on-yearBut by the beginning of 2022, projections had changed, as Wedbush analyst Dan Ives predicted that “the beneficiaries of working from home… Netflix, Facebook, Zoom, Peloton, they will see a huge decline in growth.” For both Peloton and Zoom, the next few months and years have paid off.
Zoom has countered this by launching more comprehensive communication tools zoom team chatNow, Zoom offers its own full-suite Zoom Workplace solution with Google- and Microsoft-style Office productivity appsA business email client, and much more.
…Today we all spend a lot of time making phone calls, attending meetings, sending emails, deleting some spam emails and replying to some text messages, yet we are still very busy. How [do we] Leverage AI, how can we leverage Zoom Workplace to completely automate that kind of work? This is something that is very important to us.
Zoom's AI companion 2.0 Launched in October With improved summary and support tools, which he says, “will be transformed into a fully customizable digital twin equipped with your institutional knowledge, freeing up all the day's work and requiring you to work only four days per week.” Will allow.”