When Dropbox unveiled the new AI features, it also announced a new $50 million initiative to support startups in the AI world.
With its recent announcements, file hosting service operator Dropbox is the latest tech company to embrace artificial intelligence technologies. The company introduced two new AI-powered features and launched its first venture capital arm to focus on startups in the AI market.
Dropbox has hit the market with the latest announcements at a time when businesses are intentionally integrating with AI. Prior to its developments, many tech companies have made a lot of revelations about their involvement in the hot new tech tools.
Dropbox integrates AI technology
The new features offered by Dropbox are Dropbox Dash and Dropbox AI. The first is a “universal” search bar that can be used in content creation. It connects users’ content, apps, and tools in a single search bar and makes it easier and faster to find what they’re looking for in a place. It connects platforms like Microsoft Outlook, Salesforce, Google Workspace, and Notion to deliver the best experience. Additionally, the file hosting service provider said Dash will continue to “learn, evolve and improve” as customers use it. The Dropbox Dash browser extension has more features like Stacks, which helps save, organize, and retrieve URLs. Another addition is the Start Page, a dashboard that houses Universal Search, Stocks, Meeting Shortcuts, and other browsers for quick and easy workflows.
The second offering is Dropbox AI, which extracts and summarizes content to save users from going through the entire file. It can review and generate summaries from documents, research articles, contracts, and meeting recordings. It will help users understand large documents or videos with concise explanations.
The new Dropbox initiative
When Dropbox unveiled the new AI features, it also announced a new $50 million initiative to support startups in the AI world. The company said the company aims to “power the next generation of startups” committed to transforming innovations into AI. Dropbox added that it would provide financial and mentoring assistance to “build new AI-powered products that will shape the future of work.”
Regarding privacy, Dropbox emphasized its commitment to protecting the privacy of its customers. The company boasts of being trustworthy and responsible to its users through the application of new technology. The software operator stressed the importance of acting transparently and limiting bias in its AI technology. The company wrote:
“Our principles were developed with these standards in mind that will guide our teams as we develop responsible AI products and features in the years to come… No matter what tools you use or what content with work, we provide experiences that make it easy to quickly find, organize, and manage all your work, right from Dropbox.”
Dropbox AI for File Previews is currently in alpha and will be available to Dropbox Pro US customers while select Dropbox teams will have access to test it.
Ibukun is a crypto/finance writer interested in conveying relevant information, using non-complex words to reach all kinds of audiences. Besides writing, she enjoys watching movies, cooking and exploring restaurants in the city of Lagos, where she resides.