Zoom will change its company name to get rid of its focus on video

- Zoom's Q3 2024 revenue grew 4% to $1.18 billion - The figure is two years of modest growth - Meanwhile, Zoom's business tripled in 2020 and 2021 - Net income grew by $66 million, already up to $207.1 million - Number of corp. customers was 192.4k (+800pc) - Zoom's revenue for the new quarter will be $1.175-1.18 billion - The company also raised its outlook for the full fiscal year 2025 - Zoom's revenue for it should be $4.656-4.661 billion - The midpoint of the range implies growth of about 3% - Zoom has launched webinars with up to 1 million people - It also announced its name change - Zoom Video Communications will remove the “Video” from its name - The new full name will be Zoom Communications Inc - This change reflects the evolution of the entire company - Zoom is working on a working AI platform

Science & Tech

Comments

Google unveiled the Genie 2 AI model that can draw 3D worlds for games

Google DeepMind has unveiled Genie 2, an artificial intelligence model that creates 3D game worlds from a single image and text description. The company claims that Genie 2 can create “a huge variety of rich 3D worlds.” In these worlds, users can interact with the environment, perform actions such as jumping and swimming using a mouse or keyboard. The model is also able to generate non-player cha

Science & Tech

AI / ML

Stephanie Turner

14 subscribers

9 months ago

Some of Revolut's early investors were able to sell more than $300 million worth of stock

- Revolut allowed a number of early investors to sell their shares - The buyers were wealthy Goldman Sachs clients - Sources say the sale amount was $300-500 million - As part of the deal, the valuation of the fintech company was $45 billion - Initial investors: Index Ventures, Balderton, Seedcamp, etc. - Previously, Revolut allowed the sale of shares to its employees - The deal size for the emplo

Science & Tech

Zoom will change its company name to get rid of its focus on video

Recommended

Google unveiled the Genie 2 AI model that can draw 3D worlds for games

Some of Revolut's early investors were able to sell more than $300 million worth of stock