Artemis Investment Limited - Is Zoom a Good Investment in the AI Software Race?

Zoom Video Communications (ZM) is facing increased competition and slower growth now that the coronavirus outbreak has passed. Zoom stock's revenue growth is dependent on its performance in the corporate market.
ADMIRALTY, Hong Kong - Oct. 20, 2023 - PRLog -- And the future of ZM stock is dependent on whether the company evolves into a larger corporate communications platform.

Zoom shares had down 7% this year as of October 16. Many other software equities, however, have performed better. The Nasdaq composite has risen 29% as a result of the excitement around generative artificial intelligence technologies.

Zoom Video also has around $6 billion in cash on its financial sheet. Analysts anticipate further purchases.

Zoom Stock: Artificial Intelligence Battleground

Zoom Video expects AI solutions to maintain clients rather than raise revenue.

The firm said during its annual Zoomtopia user conference in early October that it will not charge users for using its AI Companion. Meeting/chat summaries and smart recordings are among its features.

Zoom Video is rushing to include additional AI features into its commercial communications platform. Zoom Video recently backed down from a modification in its platform terms of service that would have allowed it to collect data to train artificial intelligence models.

Docs is an AI-powered workspace that will be available in 2024 for documentation, project tracking, and administration duties.

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Cherry Hwuang
Marketing Director

Artemis Investment Limited
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