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The AI lending company came up short on a key profit metric, but its CEO says that analysts may have mismodeled seasonal trends.
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US president says there has been ‘great progress' on a deal with Iran
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Box is getting set to launching Box AI, comprising generative AI models that will be natively integrated into the company' Content Cloud to help users surface information faster and generate new content in order to boost productivity.
The new Box AI capabilities will be powered by OpenAI's ChatGPT API and at launch, will only be available inside the Box Content Cloud, although the company said it has plans to embed Box AI across the Box product suite and support more complex use cases.
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Overall spending on IT products and services is expected to climb by about 5.5% this year, fueled mainly by software and services, according to a forecast from tech analyst firm Gartner Research. That level of growth would result in a total expenditure of $4.6 trillion.
In the area of data center systems, which includes servers, internal controller-based systems and networking equipment among other things, the latter is likely to prove a robust engine of growth, with Gartner predicting 8.4% year-on-year growth in constant currency. According to the forecast's author, John-David Lovelock, the data center category as a whole should rise by 3.7% in 2023.
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