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Tech

Zoom launches massive investment fund for users

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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.

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Shows

Return logistics: retail faces pressure

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What are reverse logistics and how are they putting pressure on retail?

Manhattan Minute is where supply chain solutions meet expert insights. Join us as we collaborate with industry leaders to uncover the latest trends in supply chain commerce. Hosted by Raghav Sibal, Managing Director of Manhattan Associates Australia & New Zealand.

With the cost of living crisis putting the brakes on retail sales, many customers are returning products that don’t meet their expectations. To discuss this trend, Raghav unpacks discoveries found in Manhattan Associate’s ‘Redefining Retail Report’. #manhattan minute

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Inventory blindspots impact profits

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What lies ahead for the future of retail?

Manhattan Minute is where supply chain solutions meet expert insights. Join us as we collaborate with industry leaders to uncover the latest trends in supply chain commerce. Hosted by Raghav Sibal, Managing Director of Manhattan Associates Australia & New Zealand.

Data shows retailers are facing blind spots that are impacting profits and customer satisfaction. In this episode, Raghav unpacks discoveries found in Manhattan Associate’s ‘Redefining Retail Report’. #manhattan minute #trending

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Apple responds to crushing iPad Pro criticism

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Apple issued an apology following backlash over a recent advertisement for the latest iPad Pro.

On this episode of Ahron & Mike Live – Painted Panda dogs confuse zoo goers, luxury Police cars cruise the roads, Siri meets up with ChatGpt and Apple’s “Crush” iPad ad faces overwhelming backlash.

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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