Zoom continues to benefit from a surge in demand for its videoconferencing and VoIP services during the Covid-19 pandemic, with second-quarter sales increasing 355% to $663.5 million during its July quarter compared to last year. Shares of Zoom jumped 25% in after-hours trading to $407 per share, after rising more than 8% in the regular session, pushing its market capitalization north of $120...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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