AI Box, With Unlimited Access to Generative AI, Accelerates Acquisition in Japan Via Investing.com

Asahi Group, Norinchukin Bank, and Hitachi (OTC:) High-Tech Begin Company-Wide Deployment of Box AI to Improve Unstructured Data

TOKYO–(BUSINESS WIRE)–Box, Inc. (NYSE:BOX), the Intelligent Content Cloud, today announced that Box AI for Documents and Notes is available for unlimited queries for Enterprise Plus customers and is expanding rapidly in Japan. Asahi Group Japan, Norinchukin Bank, and Hitachi High-Tech Corporation have rolled out Box AI company-wide and are working to increase the value of unstructured data, which comprises 90% of the company's data, by using artificial intelligence within Box for business- distance safety.

With recent advances in artificial intelligence technology, it is now possible to use unstructured data throughout the business in ways that were not possible before, said Katsunori Furuichi, President and Representative of Japan Box. Box introduced general availability of Box AI to Enterprise Plus customers in March of this year. Box AI is of great interest to our customers with enterprise-grade security and governance, as well as the ease of using productive AI directly within Box, the enterprise content repository. As announced on June 27, 2024, the user query limit has been removed, making it even easier for customers to use Box AI. Later this year, we aim to provide Box AI hubs to the public and use flexible workflow features to create a world where unstructured data, which until now has been the knowledge of individuals, can be developed as the knowledge of organizations.

Asahi Group Japan launched Box as a common company-wide platform to improve data management and consolidate unstructured data, said Tomokazu Yamakawa, Chief Digital Transformation Officer, Asahi Group Japan. We believe that Box AI will be a service that allows companies to use the power of AI production in a secure way, as it can perform question and answer and summary tasks under the high security and access rights already provided by Box. With the release of unlimited user queries, we expect that company-wide rollouts will be accelerated, leading to greater use of internal data and fostering a culture where productive AI is used every day.

Norinchukin Bank is working on consolidating its content into Box with the aim of consolidating large amounts of data scattered across systems within the bank, said Yuji Hanba, Director and Chief Executive Officer, Chief Information Officer, Norinchukin Bank. We believe that Box AI has low barriers to adoption because it can use content already stored in Box, and allow unlimited use of productive AI features within an existing system. In addition, the Bank is currently using the beta version of the Box AI API, and has been able to quickly integrate Box AI functionality into its own independent browsing system developed early. Until now, a lot of time has been spent searching for information in files and pages, but Box AI will enable us to extract relevant information from many files, and we expect to significantly reduce the amount of work required to search and evaluate information. in controlled documents.

Hitachi High-Tech launched Box in 2018 and currently has more than 14,000 users worldwide using more than 900 million files of content, said Yuji Kanenari, General Manager of the Cross Domain Platform Division at the Digital Transformation Business Group. , Hitachi High-Tech Corporation. Since July 2024, we have started using Box AI for our users as a general AI tool to improve productivity, including secure AI summarization of the most confidential technical documents we have and efficient production of documents generated in our daily business activities. In the future, we will use Box AI hubs to promote the efficient and fast use of information within a large volume of content using AI.

Box AI Empowers Intelligent Content Management

Box AI uses the power of artificial intelligence to bring foundational AI models to the Box Content Cloud “ where more than 115,000 businesses already secure, store, and collaborate on business-critical content. Guided by its AI principles, Box has built Box AI on the company's platform-neutral framework, designed to interface with today's most powerful language models, including Microsoft's (NASDAQ:) Azure OpenAI Service and Google (NASDAQ:) Cloud's Vertex ( NASDAQ 🙂 AI – with more integrations to come.

Box will continue to leverage its powerful and intangible capabilities to increase the value of business content and help organizations transform the way they work.

About the Box

Box (NYSE:BOX) is the Intelligent Content Cloud, a single platform that enables organizations to collaborate, manage the content lifecycle, secure valuable content, and transform business workflows with enterprise AI. Founded in 2005, Box simplifies work for leading global organizations, including AstraZeneca (NASDAQ: ), JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood (NYSE:) City, CA, with offices throughout the United States, Europe and Asia. Visit box.com to learn more. And visit box.org to learn more about how Box empowers nonprofits to achieve their goals.

View the source version on businesswire.com:

Misato Saho
Email: press@box.com

Source: Box, Inc.