Zoom Launches Zoom Docs to Take on Microsoft and Google in Document Collaboration

Zoom is launching a new document editing and collaboration tool called Zoom Docs.
Zoom Docs will compete with Microsoft Word and Google Docs.
Zoom has struggled as the pandemic boom faded and competition intensified.
Zoom Docs launch aims to expand Zoom's offerings beyond video conferencing.
Article notes Zoom's post-pandemic struggles against Microsoft and other competitors.

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Relevant topic timeline:

8/7/2023

Zoom reverses policy that allowed it to train AI on customer data

Main topic: Zoom's changes to its terms of service regarding AI training on customer data. Key points: 1. Zoom made changes to its terms of service that allowed AI training on customer data. 2. The changes sparked blowback and criticism from users. 3. In response, Zoom updated its terms to clarify that it will not train AI models on consumer video, audio, or chats without customer consent.

8/11/2023

Zoom updates terms of service to clarify that it won’t use your calls to train AI

Main topic: Zoom's terms of service update regarding the use of customer video calls for training AI models. Key points: 1. Zoom's initial terms of service update implied that customer video calls could be used for AI model training. 2. Zoom's Chief Product Officer clarified that customer consent is required and that only telemetry and diagnostic data, not the actual content of calls, is used. 3. Zoom updated both the terms of service and the blog post to emphasize the requirement of customer consent and to provide clearer information.

8/16/2023

Open source developers urged to ditch Zoom over user data controversy

Main topic: Software Freedom Conservancy calls on developers to ditch Zoom over changes to its terms and conditions regarding user data. Key points: 1. Software Freedom Conservancy urges developers to adopt Zoom alternatives due to concerns over data usage. 2. Zoom's T&Cs allow for future changes in data usage, placing the responsibility on users to regularly check for updates. 3. The Conservancy plans to promote its self-hosted chat server built on open source software as an alternative to Zoom. Hint on Elon Musk: This article does not mention Elon Musk.

8/22/2023

Zoom Taps AI to Empower Customers in Safe Hybrid Work Environment

Zoom has announced the launch of new AI innovations, including Zoom Scheduler, Zoom Clips, and Zoom Team Chat, aimed at enhancing communication and collaboration in a hybrid work environment. The company also plans to invest in AI technology to support its customers' operations and prioritize privacy and data protection.

9/5/2023

A Bull Market Is Coming: 1 Unstoppable Growth Stock to Buy Before It Soars 1,991%, According to Wall Street

Zoom Video Communications is expected to outperform in the stock market, with one analyst predicting it could soar by 1,991% by 2026, as the company continues to grow and attract customers despite competition from tech giants like Microsoft and Salesforce.

9/5/2023

Why Zoom Stock Topped the Market on Tuesday

Zoom Video Communications saw its shares rise by nearly 2.2% after Microsoft announced it would unbundle its Teams app from the Office software suite, benefiting smaller tech companies like Zoom.

9/18/2023

Google discontinuing Zoom and Meet on Nest Hub Max, users unhappy with loss of video calling

Google is discontinuing support for Zoom and Google Meet on its Nest Hub Max, causing frustration among users who bought the device specifically for its video calling capabilities.

10/3/2023

Zoom Broadens Offerings with New Collaboration Tools to Retain Users

Zoom CEO Eric Yuan is focusing on expanding the platform's capabilities with new tools like Zoom Docs and AI-powered features in order to position Zoom as a communication and collaboration platform beyond video meetings.

10/5/2023

Zoom Brings Employees Back to the Office Part-Time to Improve Remote Work Tools

Zoom is calling some workers back to the office twice a week to build collaborative products for the new ways of working, citing the need for employees to experience the challenges firsthand; however, hybrid work plans that offer flexibility and autonomy to teams may be more effective.