Box Inc. - BOX share price

About

Box, Inc is a public company based in California offering cloud-based content management and enterprise file-sharing tools for corporations. The leading Intelligent Content Management (ICM) platform leverages advanced data governance, machine learning, and AI-powered automation to reduce risk and power better collaboration. With automated content workflows, Box allows clients to integrate AI to streamline and extend workflows across devices and apps. Box announced a new set of AI-powered enhancements to its services in efforts to revolutionize content management. The tools offered by the company deploy LLMs to structure unstructured data and simplify connecting to business processes. “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” remarked Aaron Levie, Co-founder and CEO of Box at the Q3 earnings announcement. With the new Enterprise Advanced suite plan including Box AI Studio, Box allows users to select preferred AI partner-models and create custom agents for smart content management. The company further strengthened its capabilities by entering into strategic partnerships with Amazon Web Services (AWS) and Slalom.