Dropbox announces new AI-powered tools, $50 million AI-focused enterprise initiative

San Francisco: Cloud storage giant Dropbox has announced two new AI-powered tools — Dropbox Dash and Dropbox AI — that will help users get the most out of their content, and a $50 million AI-focused enterprise initiative. has also started.

According to the company, ‘Dropbox Dash’ is an AI-powered universal search that will connect all users’ tools, content and apps into a single search bar.

“With connectors to major platforms like Google Workspace, Microsoft Outlook, Salesforce, and more, you can find everything in one place faster. Now you can skip those time-consuming tasks like setting up apps to share content.” Toggling between, join a meeting and find a deck shared by your teammates, Dropbox said in a blogpost on Wednesday.

Dropbox Dash is currently available in beta for select customers in English.

With ‘Dropbox AI’, users will get summarized content and answers instantly.

The company said it is applying AI to file preview, which is one of its most-trafficked web surfaces with Dropbox AI, and that soon users will be able to use Dropbox AI on their folders or on their entire Dropbox account. Will be able

Dropbox AI for file previews is currently in alpha and available to all Dropbox Pro customers in the US and has started rolling out to select Dropbox teams for testing.

In addition, the cloud storage giant also launched Dropbox Ventures – a new $50 million venture initiative to advance the next generation of startups that are changing the way we work through innovations in AI.

The company said that the portfolio companies will receive financial support and mentorship to build innovative AI-powered products that will shape the future of work.

In April, Dropbox announced plans to lay off 16 percent of its workforce, or about 500 employees, due to slowing growth.