REDWOOD CITY, Calif. – Box, Inc. (NYSE:BOX), a prominent player in cloud content management, has rolled out a new feature for its Enterprise Plus customers, integrating Microsoft (NASDAQ:MSFT) Azure OpenAI Service into its Box AI offering, effective today. This move aims to harness advanced artificial intelligence for content stored on Box's platform, while adhering to stringent security and compliance standards.
The collaboration with Microsoft builds upon a relationship spanning over a decade, marking a new chapter as both companies navigate the evolving landscape of AI technology. Box AI, which is now generally available, operates on a platform-neutral framework designed to connect with leading large language models, like those provided by Azure OpenAI Service.
Box AI's general availability promises to bring the power of generative AI to a wide range of industries, enabling them to extract insights, streamline workflows, and enhance decision-making processes.
Financial services firms can now analyze market reports for key trends, life sciences companies can expedite clinical trial data analysis, and public sector agencies can process constituent feedback and policy research more efficiently.
Moreover, the integration allows organizations in highly regulated fields to adopt AI while maintaining compliance with standards such as FINRA, GxP, and FedRAMP. The versatility of Box AI extends to insurance companies optimizing claims processing, legal firms accelerating research, and wealth advisors synthesizing investment information.
The launch of Box AI is a strategic expansion of Box's existing suite of integrations with Microsoft 365 and Teams, which have been fostering productivity and collaboration among users for over a decade.
Box AI is included in all Enterprise Plus plans, with users receiving an allocation of 20 queries per month and an additional 2,000 queries at the company level. More details about the integration and its applications are available on the Box blog, and customers can activate Box AI through their Box Admin Console. Box will also host a webinar on March 14 to further explore the capabilities of its AI feature.
Founded in 2005, Box has established itself as a leader in content management, serving global organizations across various sectors. The company's commitment to integrating AI reflects its ongoing efforts to provide secure, innovative solutions that meet the evolving needs of its customers. This development is based on a press release statement from Box, Inc.
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