Dropbox Buys Tigris Data for $350M to Boost AI Work
Dropbox, the file storage company, has agreed to buy Tigris Data in a deal worth $350 million. The purchase is meant to strengthen Dropbox's AI infrastructure. Dropbox plans to use it to support DBX Agent Cloud, a new storage platform for developers who build AI models and AI agents. In short, data storage now matters a lot for building AI.
Quick glossaryDropbox, AI infrastructure, DBX Agent Cloud
- Dropbox
- A US company best known for online file storage and syncing files across devices.
- AI infrastructure
- The computers, storage and software working behind the scenes that let companies build and run AI systems.
- DBX Agent Cloud
- A new storage service that Dropbox plans to offer to developers who are building AI agents.
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