Box Inc.’s stock rose about 2% after hours Tuesday after the software company reported its first $1 billion fiscal 12 months and announced a $100 million share-buyback program.
“Customers in financial services are upgrading to Box AI,” Box Chief Executive Aaron Levie said in an interview, referring to a latest suite of capabilities that can integrate advanced AI models into the Box Content Cloud. The corporate also announced integration with Microsoft Corp.’s MSFT Azure OpenAI on Box AI.
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