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Dropbox bets $350 million on Tigris Data to build AI storage

By Diego Almada Lopez

Dropbox's acquisition of Tigris Data signals a strategic shift towards enhancing AI capabilities, potentially reshaping cloud storage dynamics. The post Dropbox bets $350 million on Tigris Data to build AI storage appeared first on Crypto Briefing.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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The purchase of one company by another, giving the buyer control of the target's business.

Acquisitions can speed growth for the buyer but raise competition and job concerns.

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A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

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