Tag: Dropbox

Meta is an enterprise solutions provider that specializes in helping organizations build and succeed, with solutions for performance, trust and security, governance, and content intelligence. Elizabeth Holmes, founder of the now-defunct Theranos, faced charges of fraud but managed to overturn an 11-year jail sentence. Posh launches platform for event management and ticketing, while a UK startup has developed tools for usage-based billing and just secured $14 million. Get the top news stories each day in your inbox with The Daily Crunch.

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.

Dropbox, a leading file hosting service, announced its pivot to Artificial Intelligence, unfortunately accompanied by the layoff of 500 employees. Drew Houston, CEO and co-founder, expressed his commitment to ensuring that Dropbox leads the way in the development of AI. With experts in AI, they will explore and build machine intelligence to better serve and understand their loyal customers. With Drew's perseverance and vision, Dropbox will move forward and continue to be a valuable and popular service in this evolving industry.

OpenAI, a renowned company working on advanced AI solutions, recently unveiled remarkable results related to a ChatGPT AI bot tested at BYU. Student performance surpassed ChatGPT in accounting exams with an average result of 77%, while ChatGPT's score was 47%. Despite the results, researchers saw great potential in the tool's performance of AIS and auditing. Nonetheless, it still struggles with short-answer questions and simple mathematics. 327 co-authors from 187 universities around the world authored this paper, and concluded that ChatGPT is a game-changer.