Zoom Video Communications Inc. (ZM – Zoom (free report) announced the general availability of new features across Zoom Workplace, including enhancements to its AI Companion for Zoom Meetings and Zoom Team Chat. Available at no additional cost, AI Companion, a generative AI assistant, now provides quick draft replies in team chats, along with improved customization and personalization options for organizations.
AI Companion supports today's workforce by empowering users to communicate better in the office, at home, and on the go. You can now suggest short, contextual replies to team chats on mobile devices, helping users stay connected and aligned with their teams from anywhere.
AI Companion aims to ease the burden of tedious tasks that can hinder creativity and productivity. The new global search feature enables users to efficiently find information across different Zoom platforms, including meeting recordings, messages, files, and more, further increasing productivity.
Additionally, AI Companion now supports learning tool interoperability, making it easier for educators to access meeting summaries and share them with students. To increase employee engagement, integrate Workvivo TV with Zoom Rooms to instantly broadcast important company news and updates to multiple locations.
ZM’s recent security updates in the workplace to empower enterprise customers
Zoom recently announced the global availability of post-quantum end-to-end encryption (E2EE) for Zoom Workplace, specifically Zoom Meetings, and will soon extend this security feature to Zoom Phone and Zoom Rooms.
This advancement makes Zoom the first Unified Communications as a Service (UCaaS) provider to offer post-quantum E2EE for video conferencing. As security threats become more sophisticated, Zoom's proactive approach includes upgrading its encryption algorithms to withstand potential future threats from quantum computing.
Zoom's post-quantum E2EE ensures that only meeting participants have access to the encryption key, and without the necessary key, data sent through Zoom's servers cannot be decrypted. This initiative is part of Zoom's continued efforts to adapt to the evolving security environment and provide robust protection for user data.
These recent advances are expected to increase the number of business customers and grow the company's sales.
ZM's fiscal 2025 Corporate Customer Zacks Consensus Estimate is pegged at 228,310, indicating year-over-year growth of 3.6%. The Zacks Consensus Estimate for fiscal 2025 revenue is pegged at $4.6 billion, suggesting year-over-year growth of 1.62%.
Shares of this Zacks Rank #3 (Hold) company have declined 11.2% so far this year versus the Zacks Computer and Technology sector's growth of 16.5%. this is, microsoft (MSFT – free report) alphabet (Google – free report) and Salesforce (customer relationship management – You can see the complete list of Zacks #1 Rank (Strong Buy) stocks in the Cloud Communications market here.
Microsoft Teams is a versatile platform that facilitates chat, video conferencing, file storage, and the use of a variety of apps. We recently introduced a new feature called meeting summaries, which includes the generation of meeting recordings. Intelligent Recap, a service in Teams Premium, takes this a step further by leveraging AI to recognize names spoken and topics discussed, organize meetings into sections and summarize them, and provide information based on the content of the meeting. Suggest action items.
Alphabet's Google Meet is great at allowing you to schedule and join meetings directly from your email or calendar app, and this feature makes it better than Zoom. The platform is improving studio lighting and sound and enhancing the Google Meet experience as part of the Duet AI integration announced last year. These enhancements are currently available to users or organizations using the Duet AI for Google Workspace Enterprise add-on.
Developed by Slack Technologies and owned by Salesforce since 2020, Slack is a cloud-based platform designed for team communication. It offers both free and paid subscriptions and allows users to send text messages, share files and media, make audio and video calls, and participate in group chats, facilitating efficient team collaboration.
To remain competitive in the cloud communications market, Zoom has been aggressively enhancing its platform with AI integration and making more features generally available. With recent advancements, Zoom aims to maintain its edge and effectively counter the competition.
Free – Get 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a special report highlighting five diverse stocks with amazing dividends to help you prepare for retirement. They cut across property management, luxury outlets, financial institutions, and some powerful energy production companies.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insight you won't get from your local financial planner.
Download now – it's free today >>
