Zoom Video Communications, Inc. (NASDAQ:ZM) Q2 2024 Earnings Call Transcript August 21, 2023
Operator: Okay. Hello, everyone, and welcome to Zoom’s Q2 FY ’23 Earnings Release Webinar. As a reminder, today’s webinar is being recorded. And now I would like to hand things over to Tom McCallum, Head of Investor Relations. Tom?
Tom McCallum: Thank you, David. Hello, everyone, and welcome to Zoom’s earnings video webinar for the second quarter of fiscal 2024. I’m joined today by Zoom’s...
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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.
It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.
Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.
How could anything be worth that much?
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