本文作者认为，人们对AI存在六个根本性误判，导致市场和企业对其短期价值抱有过高期待。事实上，AI的发展节奏更慢、更复杂，盈利路 径也远不如宣传所言清晰。它的真正力量在于长期应用与深度整合，而不是即时的颠覆性奇迹。正如电力与互联网的历史轨迹，AI需要经历 漫长的适配与扩散。最终能够脱颖而出的，不是追逐风口的企业，而是那些稳健推进、持续创造持久价值的实践者。 AI的真正影响 将比我们预想的来得更晚 1987年，经济学家罗伯特·索洛（Robert Solow）曾有一句著名的评论："计算机时代的踪影无处不在，唯独不存在于生产率统计数据中。"几十年后的今 天，AI成为这种悖论的最新体现。尽管投入了数十亿美元，可量化的效率提升仍然难以实现。堪萨斯城联邦储备银行的研究发现，相较于以往由技术驱 动的变革，AI对生产力的影响相对有限。 错不在AI，而在于人们的预期。像大语言模型这样的生成式AI，是一种通用目的技术（General Purpose Technology, GPT）。虽然说，ChatGPT中 的"GPT"不是这个意思。我们曾见证过很多通用目的技术，比如印刷术、电力、互联网，无一例外都遵循相似的路径：技术若能真正释放 ...

Key Takeaways At 14.82X forward P/E, ZM looks undervalued as enterprise, AI and global growth gain momentum.Workvivo clients with $100K ARR grew 142% year over year, led by major enterprise conversions.Zoom Phone continues to post mid-teens ARR growth, gaining ground in unified communications.Zoom Communications (ZM) shares are trading at a significant discount, with a forward 12-month Price/Earnings of 14.82X compared with the Zacks Internet - Software industry’s 40.19X. Zoom has undergone a substantial tr ...

SALT LAKE CITY, UT, ROCHESTER, NY, MONTREAL, QC, LONDON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- CallTower, a recognized leader in the Contact Center as a Service (CCaaS) market, today proudly announces the launch of its latest innovation, Ascend Teams Contact Center. Designed to meet the evolving demands of modern businesses, this cutting-edge solution empowers organizations to enhance customer engagement, streamline operations, and unlock advanced insights - all fully integrated within the Microsoft Teams ecos ...

NEW YORK (AP) — Wall Street coasted to the finish of its best week in the last five on Friday as U.S. stocks hung near their record levels.The S&P 500 barely budged and edged down by less than 0.1% from the all-time high it set the day before. The Dow Jones Industrial Average fell 273 points, or 0.6%, while the Nasdaq composite added 0.4% to its own record set on Thursday.Stocks have rallied with expectations that the Federal Reserve will cut its main interest rate for the first time this year at its meetin ...

欧盟反垄断调查结果 - 微软承诺将Teams从Microsoft 365和Office 365生产力套件中分拆 以较低价格提供不含Teams的版本 并允许客户选择是否付费添加该应用[1][3] - 欧洲委员会批准微软的让步措施 结束长达多年的反垄断调查 该调查源于竞争对手Slack 2020年的投诉[2][4] - 微软同意开放API以实现其套件与第三方消息协作工具的关键功能互操作性 并在未来五年内允许用户从Teams导出数据[3] 微软的让步措施 - 微软将在全球范围内提供不含Teams的生产力套件版本 价格比捆绑版本低50%[7] - 分拆承诺有效期七年 部分措施如数据导出功能持续五年[3][9] - 公司于2024年4月实施部分分拆 但欧盟要求更广泛改革 遂于2025年5月提交修订计划[5] 市场影响与竞争环境 - 欧盟认定微软通过捆绑行为滥用市场支配地位 赋予Teams不公平优势 因其与Excel、Outlook、SharePoint和Word等应用深度集成[4] - 调查结束后 投诉方Slack和Alfaview已撤回申诉[8] - 该决定被欧盟官员称为"打开关键市场竞争" 确保企业自由选择通信协作产品[10] 财务与法律风险规避 - 微软成功避免巨额罚款 欧盟对违反竞争规则的处罚最高可达年全球收入的10%[8] - 按公司去年2450亿美元收入计算 潜在罚款规模达245亿美元[8] - 解决方案被视作双赢 既避免法律战 又使欧盟获得科技巨头实质性妥协[7]

U.S. stock futures are exhibiting a mixed performance this Friday, September 12, as investors digest a week of record-setting highs and look ahead to crucial economic data and the highly anticipated Federal Reserve interest rate decision next week. While major indices closed at fresh records on Thursday, premarket trading suggests a cautious start to the day, with market participants closely monitoring the Consumer Sentiment report and further clues regarding the Fed's monetary policy trajectory.Premarket a ...

A commitment by Microsoft to offer stripped-down versions of its productivity suites without the Teams communication service has been accepted by the European Commission — resolving a high-profile ant... ...

The European Commission accepted commitments from Microsoft (NASDAQ:MSFT) to address EU competition concerns related to the company's video-conferencing app Teams. The regulator said the commitments address its concerns related to the tying of Microsoft Teams to the company's productivity applications ...

欧盟反垄断和解协议 - 欧盟接受微软关于将Teams从生产力应用套件中解绑的承诺 避免潜在高额反垄断罚款 [1][2] - 该承诺具有七年或更长的法律约束力 旨在终止可能阻碍竞争对手与Teams有效竞争的捆绑行为 [3] - 解决方案源于2023年7月欧盟启动的反垄断调查 起因是Salesforce旗下Slack（2021年以277亿美元被收购）提出的投诉 [6] 微软具体承诺措施 - 提供不含Teams的Office 365和Microsoft 365套件降价版本 并允许长期许可客户切换至无Teams套件 [4] - 提供与Teams竞争工具的互操作性 并允许客户将数据从Teams迁移至竞争产品 [4] - 将不含Teams套件与含Teams套件的价差扩大50% 并在官网同时展示含与不含Teams的套件选项 [5] 公司回应与实施 - 微软欧洲政府事务副总裁表示将迅速全面履行新义务 认可与欧盟委员会的对话成果 [6] - 公司在5月初步承诺基础上 根据欧盟市场测试进一步扩大承诺范围以解决竞争关切 [5]

By Foo Yun Chee and Makini Brice BRUSSELS (Reuters) - Microsoft avoided a potentially hefty EU antitrust fine by promising reduced prices for Office products excluding its Teams app, a move on Friday that comes as Brussels increases scrutiny of U.S. tech giants. The case was triggered by a 2020 complaint from Salesforce-owned Slack Technologies Inc to the European Commission, which accused Microsoft of bundling its chat and video app Teams with its Office product to gain an unfair advantage over rivals. ...