Box Expands its Collaboration with Microsoft with New Azure OpenAI Service Integration

Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced a new integration with Microsoft Azure OpenAI Service to bring its advanced large language models to Box AI. The integration of Azure OpenAI Service enables Box customers to benefit from the most advanced AI models in the world, while bringing Box and Microsoft’s enterprise-grade standards for security, privacy, and compliance to this groundbreaking technology. Box also announced that Box AI is generally available to customers on Enterprise Plus plans, starting today.

“While generative AI is still new to the enterprise, we’re already seeing significant excitement from customers who want to apply this technology to their content that is already in Box,” said Ben Kus, Chief Technology Officer at Box. “Our collaboration with Microsoft spans well over a decade, and has spurred innovation throughout previous technology shifts, including cloud and mobile computing. Now, in this new era of AI, we are expanding our collaboration again to bring AI to enterprises without compromising data security, privacy, compliance, and governance.”

Building with Azure OpenAI Service

Guided by its AI Principles, Box has built Box AI on the company’s platform-neutral framework, allowing it to connect with today’s most powerful large language models. By integrating with Azure OpenAI Service, Box is applying the most advanced intelligence models to its Content Cloud to further advance enterprise-grade AI. Microsoft and Box already help customers meet strict compliance requirements like FINRA, GxP, and FedRAMP. With today's announcement, they will also empower organizations across highly-regulated industries to leverage AI for new use cases. For example:

• Financial services companies can extract insights from reports in Box, that include market trends, economic indicators, and historical financial data, to provide a summary of key findings that highlights projections and potential risks.
• Life Sciences organizations can obtain information from clinical trial data and expedite analysis of vast datasets for a more comprehensive and efficient understanding of trial outcomes.
• Public sector agencies can derive valuable insights from vast amounts of feedback from constituents and policy research to guide evidence-based decisions and policy development, aligning to President Biden’s guidance for use of AI.
• Insurance companies can find key information in claims reports to enhance efficiency, reduce turnaround times, and provide a smoother experience for both parties.
• Legal firms can quickly identify key terms, clauses, and relevant information within complex legal texts, to significantly reduce the time and effort required for legal research, allowing attorneys to focus on more strategic aspects of their cases.

“With generative AI innovating at a rapid pace, we are committed to providing technology that organizations of any size can rely on,” said John Montgomery, corporate vice president, AI platform, Microsoft. “We are excited to see Box leveraging the power of Microsoft Azure OpenAI Service to further enhance the Box Content Cloud. This collaboration underscores our shared commitment to providing advanced, secure, and trusted solutions for enterprises, empowering them to unlock the full potential of their content.”