Tech

Zoom launches massive investment fund for users

Published

3 years ago

April 20, 2021

Zoom creates $100 million fund to invest in startup software companies.

Zoom Video Communications has created a $100 million fund to invest in startup software companies that build apps using its technology.

The video conferencing company has become a household name during the pandemic as businesses and schools shifted to its platform, along with rival platforms such as Microsoft Corp’s (MSFT.O) Teams and Cisco Systems Inc’s (CSCO.O) Webex.

Zoom Chief Financial Officer Kelly Steckelberg told Reuters that the fund will make investments of between $250,000 and $2.5 million into companies building “Zoom Apps” that plug into the company’s video conferencing software to add new features to it.

While established firms such as Salesforce.com Inc (CRM.N) have Zoom apps that can, for example, display information from corporate systems for discussions during sales meetings, Steckelberg said Zoom wants to encourage developers to create new functions like digital white boards for sketching ideas.

The fund will also be open to companies such as telemedicine app providers or conference room hardware makers that want to tap Zoom’s cloud-based video systems.

Tech

Deadpool & Wolverine movie seeks to break Disney’s streak of comic book flops

Published

23 hours ago

July 26, 2024

ticker NEWS

A new hope for Disney’s comic book universe.

The upcoming Deadpool & Wolverine movie aims to revitalise Disney’s comic book adaptations, breaking the recent streak of underperforming titles on Disney Plus. Despite high expectations, series like She-Hulk: Attorney at Law and Secret Invasion failed to capture audiences, leaving fans eager for a blockbuster hit. With iconic characters and a promise of thrilling action, this film is set to reinvigorate the franchise and restore faith in Disney’s comic book ventures.

News

AI enters the Big Brother house, raising concerns around the truth of reality TV

Published

3 days ago

July 24, 2024

ticker NEWS

How will the integration of AI into reality TV impact audience engagement and what role will this have on the future of entertainment?

The latest season of Big Brother has left fans scratching their heads with the introduction of Big Brother AI, also knowns as BB AI, taking centre stage.

Tom Finnigan from Talkingbrands.ai joins to discuss all the curious AI cases of the week. #featured