Cloud storage provider Dropbox has launched a $50m venture fund concentrating on AI-based start-ups. Dropbox Ventures will back firms in the sector and provide executive support. The announcement followed the unveiling by Dropbox of two AI-powered products to its cloud storage services. The universal search bar, Dropbox Dash, retrieves files and content from a variety of third-party platforms, compiles Stacks of links and acts as a chatbot to answer questions. Meanwhile, Dropbox AI summarises and extracts information from files. VC initiatives including Dropbox’s have been fuelling the growth of generative AI-based start-ups, which received over $52bn in funding in more than 3,300 deals over the past year, according to data provider GlobalData.
Dropbox Launches $50M AI Venture Fund and Introduces AI Features
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
OpenAI Addresses AI Voice Controversy Amidst Scarlett Johansson Comparisons
OpenAI addresses concerns over AI voice similarity to Scarlett Johansson in 'Her,' clarifying intent and pausing the controversial voice.
Mosaic Data Science: Top AI & ML Company of 2024
Mosaic Data Science recognized as the Top AI & ML Company of 2024 by CIO Review, showcasing expertise in cutting-edge analytics solutions.
SmartBear Unveils HaloAI: AI-Driven Tech Revolutionizing Software Development and Testing
SmartBear's HaloAI revolutionizes software development with AI technology, enhancing productivity and efficiency for development teams.
OpenAI’s CEO faces backlash over AI safety concerns
OpenAI's CEO faces criticism for lack of transparency and safety concerns surrounding artificial intelligence. Read the key points here.