Top 9 AI News Updates Investors Probably Missed

7. RingCentral Inc. (NYSE:RNG)

Number of Hedge Fund Holders: 36

RingCentral Inc. (NYSE:RNG) is a technology company that provides cloud business communications, contact center, video, and hybrid event solutions. Its products include RingEX, a unified communications as a service platform for collaboration across voice, messaging, and video.  On March 17, the company confirmed that its new AI Receptionist solution, RingCentral AIR, is gaining traction rapidly, with over 200 customers.

The AI-powered solution offers instant call answering, intelligent routing and natural conversations. The RingCentral AIR solution is attracting increased usage in industries like security services, hospitality, and legal, as it democratizes AI for businesses. Pricing for the AI-powered solution starts at $30, although it is currently under controlled availability.

“We’re seeing very noticeable efficiency gains. RingCentral AI Receptionist saves each employee 50% in time spent on inbound calls. We’ve turned those saved hours into revenue-generating activities. Now our team can focus more on lead generation and client follow-ups, all without adding headcount,” said April Chastain, Director of Operations at Owen Security.