*By Bridgette Webb*
Microsoft is trying to turn up the heat on Slack, announcing a free version of its workplace collaboration tool Microsoft Teams on Thursday.
The company hopes the platform's ability to integrate with other Microsoft programs will give it a leg up on the industry leader.
“We have power of the full collaboration suite in there,” said Lori Wright, general manager of Microsoft 365 in an interview with Cheddar on Thursday.
Previously Teams, which was launched in 2016, was only available to those with an Office 365 subscription. The free version will include support for up to 300 people, with unlimited chat messages and search as well as integration with 140 apps. It also has a new option to blur out the background during video calls, something Wright said will "take out all of the distractions." Users will get less storage than on the paid plan, though, and won't have access to features like scheduling and recording meetings.
Slack does has its own free version, but that only allows users to search the last 10,000 messages and integrates with just 10 apps.
As of March, 200,000 businesses globally were using the paid version of Teams, less than half of the half million organizations on Slack.
Microsoft's efforts in workplace communications demonstrates the opportunity big tech companies see.
Facebook launched its own collaborative platform, Workplace, in 2016 and has reportedly signed up about 30,000 organizations. Last month the tool was made free for nonprofits and education providers.
For the full segment, [click here.](https://cheddar.com/videos/microsoft-picks-up-the-slack)
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Seth Schachner, Managing Director StratAmericas; Digital Business Executive joined Cheddar's Opening Bell to discuss.
The Federal Reserve released its highly-anticipated research weighing the pros and cons of a digital dollar in the U.S. The report comes as economic rivals like china have already piloted their own central bank digital currencies. Edward Moya, Senior Market Analyst, The Americas, Oanda, joined Cheddar's Opening Bell to discuss.
Verizon and AT&T officially launched their 5G wireless services Wednesday across the U.S. Despite pushback from U.S. airlines and the FAA over safety concerns, the telecom giants rolled out the next generation of wireless cellular technology, with speeds up to 20 times faster than 4G LTE. John Biggs, Editor, Tech Crunch joined Cheddar's Opening Bell to discuss.
Earnings season kicks into high gear this week as big players are on tap to report their Q4 numbers, including Microsoft, Apple, and Tesla. Investors will be watching for key indicators on how the companies are dealing with inflation, Omicron and interest rates. Christine Short, VP of Research, Wall Street Horizon joined Cheddar's Opening Bell to discuss.
Stan Farnsworth, chief marketing officer at PulseForge, joined Cheddar to talk about his company's debut at CES 2022 and how it plans to innovate the sustainable tech manufacturing space. PulseForge is bringing a new approach to industrial thermal processing, which contributes to 30 percent of global greenhouse gas emissions, according to Farnsworth. "By using 85 percent less energy in the processing of materials through a variety of manufacturing processes, we can make a direct impact in reducing carbon output and reducing carbon footprint associated with manufacturing," he said.
