Dropbox ditched AWS S3 for its own storage. Now it’s buying Tigris to sell S3-compatible storage to AI developers.

Dropbox plans to acquire object storage startup Tigris for $350 million to expand its infrastructure offerings for AI developers. Alongside the acquisition, Dropbox announced DBX Agent Cloud, an upcoming service that will sell S3-compatible storage without egress fees. The company also rolled out AI-powered file editing and multi-model support within its core platform. Open article →