15 AI News You Must Read Today

13. Box, Inc. (NYSE:BOX)

Market Capitalization: $4.97 billion

Box, Inc. (NYSE:BOX) is a cloud-based content services platform enabling organizations of various sizes to manage and share their content from anywhere on any device. The company leverages artificial intelligence through its Box AI platform, positioning itself as a key player in the “intelligent content management” space.

On November 12, Box, Inc. (NYSE:BOX) announced a new set of AI-powered innovations to revolutionize content management for enterprises. The new Box AI studio and Box Apps will help businesses create and deploy powerful custom Box AI agents, as well as easily build applications for critical business processes like contract management, invoice processing, employee onboarding, and more. The company has also introduced Enterprise Advanced, a new plan integrating the entire Box Intelligent Content Management platform into a single offering.

“90 percent of the data in an enterprise is unstructured – and the vast majority of that data is content. Innovation in LLMs has transformed our ability to more easily structure that data, freeing it from data silos and connecting it with business processes. That’s all changing with Intelligent Content Management from Box. For the first time ever, businesses of all sizes will be able to realize the full value of their content and leverage the data inside their files to drive innovation, automate processes, and secure their most important information at a fraction of the cost of legacy systems”.

– Aaron Levie, Co-founder and CEO of Box.