Top 11 AI News Updates on Wall Street’s Radar

8. Box Inc. (NYSE:BOX)

Number of Hedge Fund Holders: 39

Box Inc (NYSE:BOX) is a technology company that offers a cloud-based content management system that integrates collaboration, security, analytics, and other features related to files and information. It integrates advanced AI models into its content platform to help users drive business insights, create content quickly, and automate workflows. The company announced a strategic collaboration with DataBank on March 20 to revolutionize intelligent content management.

The two companies are joining forces to combine their best-in-class offerings to enhance the way organizations manage content. The companies will leverage their best-in-class offerings to deliver AI-powered solutions that streamline business processes like contract life cycle management and digital asset management. The partnership should benefit various sectors, including healthcare and financial services, allowing Box Inc (NYSE:BOX) to unlock new growth opportunities.

“In this AI-first era, businesses must modernize the way they manage their content and recognize the valuable insights inside of it,” said Olivia Nottebohm, Chief Operating Officer of Box. “This strategic partnership brings together Box’s ICM platform with DataBank’s deep expertise in process automation and data solutions to drive modern business processes, particularly for organizations in highly regulated industries who still rely on legacy systems and paper archives.”