Dropbox Ventures, a new $50 million venture fund devoted to AI sector entrepreneurs, was unveiled today. The company was not willing to watch the generative AI race from the sidelines.
Dropbox Ventures will offer guidance and funding to create AI-powered products that influence the future of work. The number of VCs investing in AI has surged, and Salesforce Ventures has plans to spend $500 million on businesses. As part of its AI-powered feature announcements, Dropbox also unveiled Dropbox Dash, a global search bar, Dropbox AI, and Dropbox AI for file previews.
The business reiterates its dedication to developing AI solutions that are as trustworthy and fair as possible while upholding privacy, transparency, and minimizing bias.