Box reported better-than-expected second quarter results with revenue growth of 3% due to currency fluctuations and an improvement in remaining performance obligations (RPO) and billings. Box also raised its outlook for the third quarter.
Box said it has acquired Alphamoon Technology in a move that will enable it to combine large language models (LLMs) and document processing technology to its platform.
Box, which has integrations with all of the primary players in the enterprise stack, is looking to be an abstraction layer connecting AI models to content.
Box added a new integration with Microsoft Azure OpenAI Service in a move that will bring more large language models to Box AI, which is available to customers with Enterprise Plus plans.
"I strongly believe that this is going to have a net positive impact to just knowledge worker productivity as opposed to a net replacement to kind of large swaps of knowledge work," said Box CEO Aaron Levie.
