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00:03Zoom is using its anthropic investment and proprietary technology to power a federated
00:07AI strategy that it says is driving its fastest enterprise growth in three years.
00:13In the company's fiscal second quarter earnings call, Zoom said its $51 million anthropic
00:20investment supports a multi-model AI architecture that combines third-party models with its own
00:25small language models. CEO Eric Yuan said, the approach gives Zoom flexibility across products
00:32including contact center and virtual agent. CFO Michelle Chang said, its federated AI approach
00:38helps control costs as AI adoption grows, contributing to a 79.1% non-GAAP gross margin.
00:47Beat IG and Wedbush analysts said Zoom's anthropic stake, valued in the billions, could help protect
00:52it from competition and support platform monetization. Monthly active users of Zoom
00:57workplace AI features increased 125%. BTIG and Wedbush analysts said Zoom's anthropic stake,
01:05valued in the billions, could help protect it from competition and support platform monetization.
01:10Shares fell 5.77% in Wednesday pre-market trading after declining 3.73% Tuesday.
01:18For all things money, visit Benzinga.com.
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