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

Core Insights - Box, Inc. has announced a new integration with Microsoft Azure OpenAI Service to enhance its Box AI capabilities, providing advanced large language models to its customers [1][3] - Box AI is now generally available for customers on Enterprise Plus plans, allowing over 115,000 enterprises to leverage generative AI for improved content management and workflow efficiency [5][8] Integration and Collaboration - The collaboration with Microsoft, which spans over a decade, aims to bring AI to enterprises while ensuring data security, privacy, compliance, and governance [2][4] - Box AI is built on a platform-neutral framework, allowing it to connect with powerful AI models and meet strict compliance requirements across various industries [3] Use Cases and Applications - Financial services can utilize Box AI to extract insights from reports, aiding in market trend analysis and risk assessment [3] - Life Sciences organizations can expedite analysis of clinical trial data, enhancing understanding of trial outcomes [3] - Public sector agencies can derive insights from constituent feedback and policy research to inform decision-making [3] - Insurance companies can improve efficiency in claims processing through key information extraction [3] - Legal firms can streamline legal research by quickly identifying relevant information in complex texts [3] Customer Adoption and Feedback - Thousands of enterprises have adopted Box AI since its beta launch, using it to extract information, generate content, and derive insights [5] - Customers, such as nonprofit organizations, have highlighted the value of Box AI in enhancing their technology stack and maintaining business continuity during challenges like the pandemic [6] Microsoft 365 Integrations - Box has developed multiple integrations with Microsoft 365 and Teams to enhance productivity, including real-time collaboration on documents and streamlined sharing of Box content [7] Pricing and Availability - Box AI is included in all Enterprise Plus plans, offering individual users 20 queries per month, with an option for 2,000 additional queries at the company level [8]