15 AI News Investors Should Not Miss

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8. Twilio Inc. (NYSE:TWLO)

Number of Hedge Fund Holders: 54

Twilio Inc. (NYSE:TWLO) is an American cloud communications company offering customer engagement platform solutions in the United States and internationally. The company leverages AI with products like Voice Intelligence and Verify, along with integrations with OpenAI.

On October 30, 2024, Twilio Inc. (NYSE:TWLO) announced its third quarter results. The company delivered impressive Q3 results, surpassing guidance with $1.134 billion in revenue, which marks a 10% year-over-year increase. The figures are largely driven by customer growth, with the company reporting over 320,000 active customer accounts at the end of the quarter, up from 306,000. It is also well-positioned to leverage AI and machine learning to enhance its platform’s differentiation and improve customer engagement.

“Twilio continues to operate with financial discipline, operating rigor, and focused innovation, which has enabled us to deliver a strong third quarter of double-digit revenue growth and solid free cash flow generation. Twilio is uniquely positioned to bring the power of communications, plus contextual data, plus AI together to drive better customer experiences. Our continued product innovation and the outsized outcomes that we are delivering for customers illustrates our ability to be a winner in the age of AI.”

-Khozema Shipchandler, CEO of Twilio.

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