Zoom's stake in Anthropic has increased in value to $3.13 billion

BlockBeats News, August 27th - Video conferencing giant Zoom is expected to report an adjusted earnings per share of $1.46 to $1.48 for the third quarter, below the analyst average expectation of $1.50 reported by LSEG. This indicates that despite the company's continued addition of AI features, the competitive video conferencing market is still squeezing its profit performance. After the financial report was released, Zoom's stock price fell by 3.8% in after-hours trading.

Zoom expects third-quarter revenue to be between $12.75 billion and $12.8 billion, with analysts' average expectation at $12.8 billion. The company is currently rolling out AI Companion, Meeting Receptionist, and Zoom AI Services for Enterprise functions to attract more users, but it is facing intense competition from Microsoft Teams and Google Meet under Alphabet.

The value of Zoom's stake in Anthropic has increased to $3.13 billion. According to the company, in the three months ending in July, this investment brought about $1.61 billion in paper gains. Zoom initially invested in Anthropic in early 2023, establishing a partnership to integrate Anthropic's Claude model into Zoom's product. Additionally, Zoom revealed that in the first six months of this year up to July, the company made an additional investment of $301 million in Anthropic.