Dropbox Inc (NYSE:DBX) and Nvidia Corporation (NASDAQ:NVDA) announced a partnership Friday intended to give Dropbox users enhanced productivity tools fueled by artificial intelligence (AI).
The file-hosting company plans to utilize Nvidia’s AI foundation models, enterprise software and accelerated computing, according to a statement.
The goal is to provide customers with improved search accuracy, better organization tools and more efficient workflows powered by generative AI. That includes Dropbox Dash, a universal search tool, and Dropbox AI, a model that allows users to ask questions and get summaries on large files.
"Together, NVIDIA and Dropbox will pave the way for millions of Dropbox customers to accelerate their work with customized generative AI applications," Nvidia CEO Jensen Huang said in a statement.
Shares of Nvidia slipped 0.5% Friday morning, while Dropbox stock gained 2.2%.
“Recent advancements in generative AI are opening up a world of possibilities to improve knowledge work and address many of the pain points we all experience around organization, prioritization, and focus,” Dropbox CEO Drew Houston said.
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