Tag: Cloud storage

Startups may have an advantage over enterprise providers in solving the pricing puzzle for AI tools. CEOs of Salesforce, Box, and CrowdStrike are exploring AI, but clarity on business models is lacking. Could there be room for innovation?

Box simplifies document collaboration and intelligence with integration of OpenAI's LLM and ChatGPT. Unlock the value of content and make people more productive while leveraging an edge over the competition with Box AI's powerful technology. Box aims to set the standard for cloud storage and revolutionize collaboration efficiency.

Dropbox, a cloud storage service with over 500 million users worldwide, recently announced a second round of layoffs impacting 16% of its reduced workforce. CEO Drew Houston detailed severance packages and measures to shift workers to departments based on their skill sets. Their move has caused speculation around the future of AI-based layoffs in the age of technology.

Dropbox, the cloud storage giant based in San Francisco, California announced layoffs of 500 employees on Thursday due to slowing growth amid the economic downturn caused by COVID-19. The employees receive compensation packages, company devices, mental health support and 6 months of COBRA. Dropbox, started in 2007 by co-founder and CEO Drew Houston, offers secure online storage as an alternative to physical servers and storage devices.

Dropbox, the leading cloud-based storage and collaboration platform, announces layoffs of 500 global staff members, reducing workforce by 16 percent. With incoming 'AI era' of computing and due to impacts of Covid-19, CEO and co-founder, Drew Houston, stated that the company is taking steps to remain ahead of the curve and remain competitive in a rapidly changing environment. Results of this measure, estimated to incur costs between $37-($42 million) will be included in their upcoming Q1 results, reported on Thursday, May 4th.