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Investing.com -- Shares of Box, Inc. (NYSE:BOX) climbed 2.1% as the company announced an expanded partnership with International Business Machines (NYSE:IBM), which saw IBM stock also gain 1.6%. The collaboration aims to accelerate the adoption of artificial intelligence (AI) in enterprise-level content-driven workflows, leveraging IBM’s watsonx and Box AI.
Box has integrated IBM watsonx.governance into its internal operations to monitor and govern the life-cycle management of AI models, ensuring adherence to various regulations. This move is expected to help Box address risks and compliance obligations throughout the AI lifecycle, making AI-driven insights auditable and responsible.
The partnership enables Box customers to employ Box AI with IBM watsonx to unlock the value of their enterprise content and data. IBM’s enterprise AI studio, watsonx.ai, will provide a suite of models for Box AI, including the open-source IBM Granite models and the latest Meta (NASDAQ:META) Llama models. These tools are designed to facilitate data extraction, automated document processing, and content analysis, ultimately enhancing productivity and transforming operations.
Aaron Levie, co-founder and CEO of Box, emphasized the significant impact of AI on enterprises, stating, "By deepening our partnership with IBM and leveraging watsonx, we’re empowering enterprises to harness AI responsibly and at scale." Rob Thomas, Senior Vice President, Software (ETR:SOWGn) and Chief Commercial Officer at IBM, also highlighted the demand for purpose-built AI solutions that enable faster, data-driven decisions.
Moreover, Box continues to utilize Red Hat OpenShift, a leading hybrid cloud application platform, to support scalable AI application development and deployment across cloud environments.
Box AI with IBM watsonx is now available to Box Enterprise Advanced customers, with IBM serving as a Box authorized reseller. The partnership promises a seamless experience for customers purchasing Box products that include Box AI through IBM.
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