Dropbox to Acquire Tigris Data for $350M to Strengthen AI Infrastructure

·2 views

Dropbox has agreed to acquire Tigris Data in a deal valued at $350 million. The acquisition is intended to bolster the company's artificial intelligence infrastructure capabilities. It is expected to support the development of DBX Agent Cloud, a new storage platform. The platform is aimed at developers who build AI models and agents.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Tech Billionaires Face Shifting Political Terrain After Democratic Midterm Sweep

Many tech billionaires donated to causes favored by President Trump and cultivated alliances with him. Following a Democratic sweep in the midterm elections, that political alignment may now carry risks for them. The source article is brief and does not provide further details on specific individuals, actions, or consequences. The shift underscores how closely tied political positioning has become for prominent technology executives. Further reporting would be needed to assess concrete impacts.

0 comments Read more at NYT Technology

TechnologyTechCrunch ·

Instagram Adds Desktop Version of Edits to Compete With CapCut

Instagram has brought its Edits video-editing tool to desktop computers. The expansion puts Edits in more direct competition with CapCut, the popular video-editing app owned by ByteDance. Meta originally launched Edits last year as a challenger to CapCut. The article does not provide further details on the desktop rollout's timing or features.

0 comments Read more at TechCrunch

TechnologyTechCrunch ·

ElevenLabs now lets users publish AI-generated music directly on SoundCloud

ElevenLabs said more than 25 million tracks have been generated using its music models.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

The hidden supply chain costs of the AI boom

Today, I’m talking with Willy Shih, an economist, a professor of management practice at Harvard Business School, and the author of the upcoming book, Where Does My Stuff Come From? The Powerful Economics Behind Global Supply Chains. Willy is one of my all-time favorite Decoder guests — his way of looking at the world through our supply chains is just a fascinating way of making sense of the global economy. I first met Willy in 2019, while The Verge was covering Foxconn’s promise to build an LCD fab in Wisconsin. That obviously never happened, but Willy called it right away because he could see

0 comments Read more at The Verge